what can we expect tomorrow?, page-3

otaw

I think that with the number of wells and sidetracks drilled on Chinguetti to date the upgrade would be to proven reserves (1P), and both 2P (probable) and 3P (possible) would increase as well. The increase in 1P would be related to increased oil column size and flow rates and the increase in 2P and 3P would be related to observed improvements in net/gross (which can vary more across the reservoir). That's my assessment but I am no oil development expert so its just my best guess.

In any case an increase is an increase and an increase in flow rates and recoverability in particular will please the markets (more cash flow and sooner!).

Its all good.

H