today's update .. any ideas??

Anyone have a feeling in their waters as to what we will hear today?? I am finding the trading hard to interpret .. as always!! There's been no sell-off over and above the market and oil price influences .. but no bounce either. Points to either a moderately positive result only or no result ... that's the best I can make of it. Remember that we are not expecting a 300m oil column with thick sands ... Simon indicated strongly that the geology was identical to Mputa. So the best we can expect is a similar result to Mputa with perhaps slightly thicker sands. The real crunch that will mean excitement or no excitement will be in any testing they do and whether it flows and looks commercial. My guess is that they won't have done that yet. If they haven't then let's hope they DO have the gear to do it this time around.

All conjecture ... we will find out in a bit over an hour.

Cheers

H