news break, page-213

dmasive...

Need to see the experts recommendation on AT2 to comment.

Given the history of this field, in-house nature of the earlier drilling...my guess is they did their own thing and produced without sufficient analysis.

Stuffed that one up over-producing so now gun-shy and not prepared to listen to experts.

This is a potential problem in my view.

Then they stuffed up the C18 and C19 in AT4...so some lack of experience showing.

It is a tough game, plenty can go wrong so might be a bit unfair to suggest they are inexperienced...but there are reasons why most Company's contract such drilling...and get in crews that have drilled hundreds if not thousands of wells.

By the way, I believe we now have ~7 wells drilled all up at Atzam...more then enough to calculate field preliminary reserves even prior to results from AT#5.

With AT#5 we have even more closure at virtually every producing formation...so the impact on field reserves will be significant.

3D seismic will enhance accuracy, but can be done with 2D without issue, especially given the number of wells.

Should have been done 12 months ago...would have changed plenty.

Cheers!