pel 91, page-11

Dls release today's is exciting on a number of fronts
The two key oil structures are Namur and birkhead - pennington has oil in both
The gross oil columns are big enough to hold very sizeable net pay columns
The well will open up a new area of additional drilling and success here means more appraisal wells
With all decent oil fields - there is always the chance of another monster like Bauer
The success to date across BPT acreage guarantees reserves and more importantly oil reserves will grow
So far we have had one Pel92 discovery
A few Bauer fields with the last two being big extensions
Spitfire and mustang in the SXY JV
Numerous extentisons to snatcher
Without doubt once these wells are incorporated in the reserve report we are bound to get an addition of around 3-4 million barrels after production IMO ... And to think the western flank drilling campaign has only really started .... Way even more amazing is I think so far out of all the drilling there has only been two dusters from about 10 wells
.. And gassed I know then we have the shale results .. And that's why I love the stock