All good points Petro but I think we can expect a Poseidon-2. This well has not been without its problems and I suspect that Conoco have decided to address many of the uncertainties in the appraisal programme rather than try to extract any more from a well that's gone bad. I think it's a good decision to follow up later after reviewing the data. The majors make their own rules and you can bet that Conoco don't care whether anyone else categorises this as a discovery on the basis of logs and a down-hole sample or not. We're still a long long way from a decision on commerciality but personally I'm not concerned by what I see as a prudent P&A.
poseidon-1, page-4
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