woodside presentation notes

These I believe are the notes that were to be used during the Woodside presentation...

Slide 28

Chingeutti is doing well now and some remediation wells are planned for Q4 2006. As you all know, there will be one well in October. Just to annoy Hardman, we have delayed the other two wells for at least 12 months after that to Q4 2007. That should get Hermoine Granger (sorry - our little in-house joke) hopping mad.

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Slide 33

The next slide is really interesting. Tiof is a real pain in the butt for us at Woodside. There is a billion barrels of oil but its all spread out sort of underground. The market seems to want us to actually do something. How tiresome. Our Human Resource Department has said that it could be a career buster for a few enginners and geologists. These people rely on us to ensure a retirement on the boards of the other oil companies in Perth. Special care has to be taken.

This slide shows that we have a "way forward" - which should in itelf be very encouraging. First there will be a BOD, then a FEED then a FID, then a PARTY. Two years after the PARTY, there should be some OIL - except that have a secret internal plan to extend the project by a further 2 years due to the need to change the management teams twice during the process so that no-one is actually responsible for any ultimate problems. We should have done this with Chinguetti - but Ted at Hardman kept pushing, pushing pushing. Anyway - we now get our chance to screw Hardman and Hermoine back..