Redal, same sentiment re posts in respect to yours. But you too are mistaken. The C.O.S quoted for the two Senegalese wells are 25% and 19% respectively. I have confirmed both with the company. So they are not wildcats in the true sense but still profoundly high risk and more likely to fail than succeed. Agree with your other comments.
P.S Cairn's latest comments are quite bullish for what that's worth.
P.P.S And just to add a dose of further reality....take a look at the latest developments with Neon. From 42 cents a few months ago to @1 cent. FAR have more prospects and sufficient capital etc - and better management it has to be said - but if we have two dusters it's going to really hurt.
senegal scenarios, page-15
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