Hey P1000,Are you able to shed any light in this matter? (and...

Hey P1000,

Are you able to shed any light in this matter? (and anyone else who has insustry knowledge).

What is does "Unrisked Mean OIP" refer to as opposed to Higher Risk Resevoirs as this is refered to in September Announcement below;

http://www.asx.com.au/asxpdf/20090922/pdf/31kvqm4cgqtpgk.pdf

Also NDO assumed a 40% chance of finding oil... how do they come to this conclusion of odds.

reading into the announcement in Sept NDO were never really expecting to hit oil in the upper levels but are very confident infinding oil in the Primary NDO Limstone resevoir. Looking at the seismics and the success of the other surrounding wells I would think that NDO have an even better than 60/40 chance of finding oil in the primary zone.

thanks in advance

nzrugby