west seahorse update, page-6

I am positive after reading the Wardie drill report particularly the possible upside of connection between the two prospects.

I also wondered about the negative reaction the WSH3 drill result which was reasonable plus the potential upside.

My thoughts are that the oil exploration sector has been hit with a sequence of failed drilling operations. These range from AWE/NZO [Hector], AED, COE, AZA/BPT, ROC - in fact I cannot think of a success of any note in recent times.

I think the market is discounting all drilling indications to the downside until the results are proven.