unloved and undervalued, page-4

Jojosydney,

"The Padulla discovery of more then 1 mmbo recoverable has given much needed replacement of reserves and probably more will follow."

Stuart's news release of 7 Nov 2005 stated that Padulla was 850 000 barrels of Original Oil in Place at P50, and estimated 30-40% recovery. This turns into about 250 000 barrels recoverable ... worth having, but a long way from your number.

Yes, the Chairmans report says that he is "hopeful" of increasing it ... but lets see what the stepouts come up with.

Ian Whitchurch