solid ahead of first oil

Its probably a fair guess that WPL will include a "first Chinguetti oil" announcement in its full-year results and presentation today. HDR is holding up well for this reason perhaps.

Other "news" awaited from WPL today will be a "market reassurance" on the Mauritanian dispute, and particularly the annual reserves statement. Will they increase Chinguetti reserves as HDR has hinted? Will they still include Tiof and at what reserve level?

Of course the size of the WPL profit and how it is received by the market will influence sentiment towards all the oilers IMHO.

H