watching drilling partner cairn energy, page-29

Mojo, thanks for that. The COS used by CS is half of that used by Hartleys and less than half of Cairn (who have FAN-1 higher than 20). So I wonder on what basis CS have reduced it - presumably just their usual cautious approach. I bank with them and they are profoundly risk-averse folk. Always telling me to sell all my species and buy the same old boring dividend ASX 20. Am ashamed to say I'd be well in front if I had taken their advice....

For what it's worth I think the testing ref is wrong. They mean drilling. If we were testing we'd have gone into a halt here because it would be readily apparent given the nature of the system we're drilling if there's oil there or not.

Am sticking with my Tuesday prediction - only partly because it will hopefully soften the blow of first day back after a long weekend......