abumanI understand that Tiof completion and flow test results...

abuman

I understand that Tiof completion and flow test results are some way off yet, but we may get coring results and information on reservoir quality etc. Capitaine I believe is being completely redrilled so I would expect they may be a couple of hundred metres sub sea floor at most. Until we have results which I would expect sometime next week we are likley to see HDR drift or go sideways with a move up as results become imminent. It would be nice if the JV said something more about Tevet - eg size, reservoir quality etc, as this success does not seem to have been factored into the sp as yet.

Gurutrader - we will see new highs only once one of the bigger Miocene targets like Capitaine or Merou are successful. And we will see further sustained rises when the Tiof appraisals are completed and the early development well flows successfully. A significant upgrade of Tiof resevoir size will see HDR over $3, IMHO of course.

Cheers

H