The Elephant Under The Water, page-2

It interesting how much anticipation revolves around resource upgrades when in fact an equally, if not more important,upcoming event is the projects development and production review...this won't be affected quite so much by the size of the field but more the quality of it and the results of the last round of appraisal have improved those metrics, with Phase 1 likely targeting 400Mmbbls IMO, much of it from the 500 sands.

A combination of a both outcomes improving can only be good news...

What will the review likely come up with:

1: A lowering of the number of wells requured for Phase 1.
2: Indications of the expected production rate which currently ranges from 80,000 Bopd through to 140,000 Bopd.
3: FPSO specification information related to the above.
4: Latest development and production estimates that IMO will be near $30 barrel with reduced start up and life of field costs .
5: Revised timeline to first oil with more emphasis on 2021.
6: Revised NPV due to the above.

Whatever it comes up with the results will be important for those on the outside looking in...

Cheers Whisky