I think the 2 main points to take from the report are that J-53...

I think the 2 main points to take from the report are that J-53 is now producing 100 bopd with a much reduced water cut at @ 30%, which could drop further. Thus making it commercially viable, which should mean the next time a Western style reserve report is done, a few million barrels will be moved into the P1/P2 classification.

Secondly they are about to test J-59, as they didn't get much work done the last time because of the overlap with J-58 testing. They are trying to get the Jurassic section producing this time, which if successful would open up a whole new horizon and again increase producible reserves.

They seem very keen now on drilling J-54.

Still waiting on funding news, hopefully that will come soon

LOTM