Malcy's email, page-37

Malcy may simply have referred to the comment FAR is going to make about commerciality.

Spot on! If you look at CNE's March presentation and slide 22 for the Senegal Forward Program they present what is below I find it hard to believe that in March CNE are forecasting DOC in 2018 and six months later their releasing it. Just not possible, no matter what tooth fairy you believe in.

2016/17
 Post well analysis
 Update reservoir model
 Generate preliminary reservoir basis of design
 Undertake interference testing
 Development studies
 Concept select
 Evaluate tie-back opportunities

2018
Commerciality report
 Exploitation report
 Pre-FEED engineering

2021
First Oil anticipated

http://www.cairnenergy.com/assets/files/cms/Preliminary_results_presentation_2016.pdf