I find it interesting that Rocksource is expecting to drill at a minimum 2 wells in AGC Profound. If Kora were to be a success or even a duster, I wander what FAR's intentions would be? Are they bound to drill another well if Kora were a duster? I would hope they would have another crack.
Ophir will give an answer on their Senegal option 60 days after Kora is drilled. If Kora is a success, then you would imagine we have 1 JV partner for Senegal, all we would need is 1 or 2 more and a license and we are away.
From Rocksource website and in relation to AGC Profound,
'In the event of a discovery there is significant follow up potential, and in such a scenario Rocksource expects a high activity level in 2012 to address the upside potential on the block'. More drilling, excellent!
Rocksource company strategy - Reducing Risk - enchancing recovery. Makes you feel more comfortable for the result at Kora for the beginning of July.
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