re: lots of doe new presentation Good to see that you're as...

re: lots of doe new presentation Good to see that you're as enthusiastic as i am on this one "wink", but there is a small miscalculation in your figures mate--You forgot to allow for the costs..This off shore stuff is very expensive to develop --run and service.It's all that wet stuff sloshing around it that causes the problem..!!! Todays invester presentation has been toned down a fair bit from the one in April,, and that's not a bad thing really.If they are going to have a hit, then it's better to find more than the market anticipates rather than less. The April presentation quoted 650mil bls recoverable for Wellington and 200mil bls in place for Strathmore..Remembering that there is quite a difference between what's in place and what's recoverable.The map released today states 200mil bls in place for Strathmore but the recoverable is 36mil bls. Also they have toned back the recoverable on Wellington, to top end 460mil bls-- giving SHG's share of 230mil bls..and keeping the oil quote ultra conservative also at $50/bl.....But it's all still good !! The whole deal only has to be successful to the bottom end of those figures, and the profit only has to be a rediculously low 20% of the turnover... If that comes about, then you can start looking for a new beach house mate !!!