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Doubt if CN would say anything other then what's been reported to the ASX. Should have been a recap of the story so far as per their Sept preso's/releases.

Most here would like to see an update like, since last update, FAN1 was drilled & logged to xxxx m, current Ops r to continue to drill ahead to revised TD of xxxx m,' without breaching the ridiculous tighthole clause with CNE-COP.

CExp is still onsite so probably they r still doing the drill/log ahead scenario. In the event of multiple zones, I hope the JV tests them, as nothing beats a production test result.

The WL logs will give the JV relevant insitu data that will b analysed over the nxt few months, ie

- core plugs frm the MSCT tool (used to chk actual poro/perm of the reserovoir),
- fluid samples & pressure frm the MDT probe tool &
- net/gross thickness
- presence of movable HC column
- imaging scans

Cairn's numbers r 817+438 mmbbls for FAN1 & SNE1 on a 100% basis. They also have a bubble-graph slide on their Aug HY preso showing the CoS for their diff prospects incl these 2.

Pre-drill FAR had a gross prospective resource of 900+600 mmbbls for both wells (ie 100% basis). Use 15% equity, $5-10/bbl & a CoS of 20-25% for a risked valuation.

Look fwd to an update.