What does it all mean?, page-87

"the thin sands at SNE 2 were very disappointing."

Well they weren't disappointing to the JV or me, I don't know what you were expecting DB but CNE can't wait to get to SNE 3. These zones weren't even included in the contingent resources now we know they can add to them.

They 1000Bopd on a 20 /64 choke compared with 48/ 64 choke down further, over only 3.7 m net compared to 11.7 net. These can be produced from horizontal wells that would expose potentialy 100' s of mts of pay.

There has always been a bit of uncertainty about SNE 3 but SNE will be commercial without the thin sands, they just add extra beyond the gas cap...

Cheers Whisky