When's It All Worth, page-7

You may well be right Sweatsheild - in that time you could multiply your money or lose it in other ventures.

However your comment 'If developed at all' did not go unnoticed.

In case you missed the announcement by Cairne Energy today

VR-1 Appraisal Target

The well encountered the targeted lower (500 series) reservoirs within the oil column as anticipated, confirming the reservoir presence, fluid contacts and fluid quality in line with the results from the previous wells Preliminary analysis indicates the lower (500 series) reservoir quality is better and slightly thicker than previously encountered Oil and water samples were taken and recovered to surface

The appraisal results from VR-1 are very encouraging, as the well is a significant step out, some 5 km west from the line of wells drilled to date, including the SNE-1 discovery.

The results will be useful for the planning of the first phase of development – the lower 500 series reservoirs are the better connected, more tabular, highly productive sands, where water-flooding should yield recovery factors of 30% or more.

The well result confirms the predictability of the mapped reservoir over a wide area giving confidence to the reservoir engineering models.

A resource update will be provided later this year following completion of the appraisal programme, however VR-1 has confirmed the 1C proven resources for the field.

Call me optimistic but with that result and the decision to press on with a multi million dollar spend at SNE6 I'll go out on a limb and say this will be developed.

Then again the wrold could ban oil I guess