Ann: Exoma Completes Katherine West-1 Oil Explora, page-26

re: Ann: Exoma Completes Katherine West-1 Oil... Pleased to accomodate and confirm that Exoma are looking for oil "Large portions"

No change to my comment and no change to my view.
Equally I feel that impatience for a fast result from what is in the first instance an exploration company will be a bad experience for some of you. If it was that easy to identify the exact location of the main commercially viable resource then you wouldn't need a drill program.

Its always interesting on how people can form such differing views and conclusions from reading or listening to the same communication.
Obviously I am reading it very differently, perhaps that can be put down to our different experience or knowledge. As I have touched on earlier I have had more than a little experience with drill programs (not for this type of resource) and understand the similar approach. While I am sure the company would have loved to throw out a better result, this result will also have been anticipated to some extent to which they will just get on with business as I have previously mentioned.

As far as funding is concerned - well it is what it is and I am sure that if the results fit within a certain pre planned envelope, then CNOOC & EXOMA will have another wave of funding in place, so as to continue developing this asset.