vietnam june and august, page-10

One thing strikes me as unusual when we look at the Vietam blocks/assets.

The decision to drill seems to be a forgone conclusion. In terms of progress we are at the point of determining targets. JUR has already kicked-off. In my experience the operator or majoprity partner will normally want to look at the seismic first. Instead, we managed to get an upfront payment, while we free-carry on production before the data had completed analysis.

Its likely ENI already had a lot of information about the region before NEN intrdocued them.