melbourne presentation - impressions anyone?, page-2

G'day Hardmano.

Very poor turnout today. I'd say around 20 - 30 people showed.
Nothing new that we don't know. However I did ask Ted which part of blocks 4 and 5 we had to relinquish under the terms and conditions. We let go of the shallow sections equally and a section of the deeper water mostly in block 5. The next bit to go will be the shallow section in block 6.
I also spoke to him after question time and learnt we let go of our Malta permit under the same conditions which was a bit dissappointing even though AGIP did drill a dry well nearby earlier this year.
Ching should come in at around 150 + even though WPL are most likely to report 100 expected in January now as the JV argues about figures until they agree. As we all know WPL are playing things very low key to keep predetors away.
The 2 appraisals on Banda are pretty much definite.
All in all, a very poor turnout and would expect Ted to send out letters to shareholders in future presentations as last years presentation attracted a Melbourne audience of at least 100 - 150.

Regards,
xmagx