FROM LSE DaveW: 100 to 150 barrels is what would be a good...

FROM LSE

DaveW: 100 to 150 barrels is what would be a good result for us.

8) Paul - what do you see as our final price buy-out - is it £30,000 per acre, £35,000 per acre, £40,000 per acre

PaulB: We won’t get to that point on the slope because there’s a lot of history on the slope as far as what transactions have gone on a land-equivalent basis. The Eagleford got up to $72,000 per acre that we bought for $280 an acre. The North Slope will never do that because the costs are always going to be higher, unless we get the well we’re really thinking about - but we never think about that - we think in P50 terms, what’s really probable. The success case (P10?) always takes care of itself. We’re thinking what’s most likely. And in the most likely case we think that the historical precedent on the slope has been - what would you say Dave…?