COP analysts presentation, page-5

Hi All

We've been awaiting the big C word, but as HKP observes with Jubilee, we might not actually hear it. Never mind, there's another big C word in hardmano's post: Confirmation.

Confirmation of everything we've been told and deduced about SNE. It's big. It's commercial. It's on. Big time.

Wouldn't you love to be able to project 12 months ahead to see where we are in April 2016. I've stuck my neck out and predicted only an 18 cent SP at end of 2015, but a big year for shareholders in 2016. Nothing I'm reading now lends me to change my mind on that. My stretch prediction is a $1.20 SP by 2016 year end. Given we'll have some dilution along the way, that might be optimistic. On the other hand, what if:

. SNE does come up 600 with potential appraisal upside?
. A Buried Hills exploratory well makes big find No.3?
. We get a 2C for FAN?
. We do get at least two big investors on board?
. The OP hits $80?
. The $A hits 70?
. The revised plan for Guinea Bisseau turns up SNE mkII?
. And just to throw in a real smokey, Cairn makes a play for FAR?

Is $1.20 optimistic enough?

OOO