The market and obviously most shareholders are missing some key...

The market and obviously most shareholders are missing some key elements of this announcement.

Namely this is a test from only a 5.5M interval of the 75.6M of net pay in the T2B sands.

The flow rate is occurring naturally without an acid job, the first well to do so of the 6 wells that have got this far, it will be interesting to see if J-59 is like J-58 (and hopefully it is with it being updip from it) or is like the other wells and needs the acid job.

The listing of the pressure figure of 349 atmosphere's is no-doubt important too, otherwise it wouldn't have been issued, I'm trying to find out its meaning and overall importance, in various context's.

J-59 is a discovery and extends the field another considerable distance, it will also add 10M+ barrels to the eventual reserve number.

The comingling of the T2B & T2A productions zones, if successful, will add significant value that people aren't seeing yet, if the Z zone can also be comingled it gets even better from a net present valuation point of view.

The oil barrel presentation talked of the T2A zone possibly being as good as the T2B, hopefully the Z sand is productive as well, so J-58 might with all 3 zones comingled produce at a rate of 1750-2000 bopd. Which is in a different league to Akkar East.

The market reaction is totally wrong, personally I'm really really happy with the news.

LOTM