UBS has held a Oil and Gas conference in the US.WPL presented...

UBS has held a Oil and Gas conference in the US.
WPL presented and here are some extracts

— All 2006 projects remain on schedule and budget. Chinguetti early 1Q06,
Otway mid 06, and Enfield 4Q06;
— Chinguetti (WPL 47%) could have up to a 10% cost increase (from
US$625m). We are presently forecasting a 5% increase in our numbers;
we may have to revisit our estimates on this. Enfield (WPL 60%) is
running very well. Otway is also on time and budget;
— Mauritania exploration to resume H2 05 once the drill rig finishes
modifications. New LCEM survey has changed ranking of prospects
slightly. LCEM over Tevet provided an extremely good definition of gas
versus oil;
— We are still expecting around 5 exploration wells with prospect sizes in
the 100-200 mmbbl range. WPL equity 54% in most wells. Don sees
several years of exploration drilling potential in the Mauritania Salt
Basin, offshore West Africa;


It also appears that UBS are running an Aust Resources Conference starting June 20. Simon Potter is presenting on June 21.

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