trading on london stock exchange, page-6

Hi BigMac, good question. Rumour/Speculation apart from completion of the demobilisation and arrival of Frac crew is the possible early completion of Canning aerials and maybe this has leaked?

A couple of observations re Canning:

# Ron has made reference to the enormity of the potential play involved here.
The comparison to Tullow oil's Rift Valley Discovery in Africa (Kenya) and
Analogous (meaning:comparable/similar to/like etc) to Cairn's Rajasthan Play.
The latter has 7.3 Bil boe in place with 27 separate discoveries and Production of 175,000 bopd.

# The proposed farm out is for up to 40% of EPA 0106 and the same for EPA 0107 according to their web site, so even after farm out we will still hold 60% of a possible huge resource (fingers crossed)

All this plus the impending flow at Cambay all for 8 odd cents...Bargain of the year....cheers.