Hi Mr.H
Re: " but Mr Masters said those thinner sands could lift the ultimate size of the field by 20 per cent or more"
Yup seen that previously and agree that given the relatively low DST flow pay from overall pay it is a conclusion that would only be justified if the thin sands were not included in the original 2C.
However this conclusion is not in keeping with the information actually provided by Cairn in the CMD transcripts or any other FAR or Cairn release to the market, including FAR presentations, that I can find. Quite the reverse in fact.
Mr Masters (who you are quoting) is a Canacord analyst and as such open to the same vagaries of interpretation or misinterpretation of any of us. Best to stick with the JV presentation transcripts and releases I think, and as I say, I'm still waiting on Whisky or anyone else to show, using that information, that my conclusion that the "thin sands are included in the original 2C" is incorrect
pj
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