oman 10-29

On 14th November 08 the company advised to the ASX that this well had been drilled and that completion and testing operations were soon to commence. Apart from a brief mention in the last quarterly and half-yearly reports we haven't heard anything else about it.

From the Dec quarterly:

"Importantly, this well will help to quantify the extent of reserves yet to be recovered from this part of the Unit and also will better define the level of proved (1P) reserves in the Unit."

Given that good flowrates would have been announced to the market by now, can we assume that this well is a poor performer and despite best efforts to get it up to speed, it has delayed the IRR and will impact negatively on 1P reserves?

Thanks for any insight.