Couple more points of note in the RBC report:
Page 13 deatils catalysts and says:
A JV meeting is to be held to review the drilling results and define the initial reservoir parameters. This may underpin a broad resource determination for both the Fan and SKE plays" Then it says this has been completed. So at least we know the JV has met and discussed the results (in February or at least before this report was published) even if CNE said on 10 March that the analysis of a very large amount of data is still ongoing.
On page 15 it assesses Jubilee as an production analogue and concludes that SNE will be better:
"We also suggest that a development of the shelf (SNE-1) play would provide higher returns on more favourable technical characteristics."
That's an endorsement!!
H
FAR - RBC Broker Report, page-16
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