question time, page-4

I was advised that these meetings were planned sometime ago. STO asked that they occur at the completion of their program. They did swap 3d seismic as well and that is why we will not have any more Snatcher wells as that is the extent of the current 3d, so we will have to wait for the new data.

I am not sure if there is alot more to tell us as yet, but that may have changed on Friday. We already know there may be a connection. None of us really know the rules regarding capture. PC 43 had some idea on it but from memory there has been many different ideas. My advice is that there may well be some unitization of the field. How they will do this I have no idea. It is a bit above me. The only thing is , is that as Charo was in production first they may owe us, rather than us owing them so that can only be good.