l20 50

"There is the possibility of near term cash flow from a re-drill or work over of an old shut in
well (Nong Bua-1) on the block. This well was not brought on production at the then time of
prevailing low oil prices because it required artificial lift to bring the oil to surface and this higher
cost production methodology was not considered by the operator as it was fully committed to the
development of the Sirikit Field."

Well lets hope that CVN jumps on this as they are the operator of this JV and I think would be keen to weave a bit of their own magic in Thai and prove to the market that all the recent success isnt purely based on their other JV operating partner POE having all the skills. CVN's other JV has only one rig operating at the moment so this would give CVN some time to fast track L20/50. I reckon they will be sniffing around Nong Bua-1 as i type...