CMD preso link & SNE paremeters

Here's the Cairn CMD preso.

http://files.the-group.net/library/...tation/CapitalMarketsDay11MayPresentation.pdf

Got the parameters & tentative well loc's I was after.

SNE (slide 27)
Oilpay: 30m net, 96 gross, 32API, 24% poro, 73% OilSat, 750 scf/stb Gas:Oil ratio, Oil gradient 0.31 psi/ft pretty clear pressure gradient frm the MDT tool.

Could have added a photo u geniuses!! Color, Viscocity, Sulphur content unknown.

Gaspay: 19m net, 107 m gross, 25% poro, 70% gasSat.

Map shows 3 possible stepout wells: Central, North & East

Slide-45: finally after 7 mths of rambling on Hotcopper Cairn have shown Baobab Field (where the express is currently drilling)

Fan1: ongoing analysis, seis remapping etc

Slide 56: Costs: Dev costs 17-26/bbl, Opex: 5-15/bbl. Total: 22-41/bbl
Slide-57: Decent NPV & IRR at current POO eg NPV10/bbl at POO of US70/bbl & an IRR of 28%
FID to first oil: as expected 3-5 years.

JV will use the OR Athena.
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JP: didn't we talk abt this when u were on nite patrol
Refer post frm 17Jan. Has drilled 2 dusters in Angola Kamoxi-1 & Omosi-1. Drilling Vali-1 & has 1 more to drill.