Ann: Cambay-77H - Flow-back Update, page-23

Tim wouldnt expect any conversion by NS or any other independent until we have had a couple of months flow which hasnt even started yet We would need to recover another 10 to 20% of the frac water to begin flow testingThey may also require data from more than one well

I think (but am very hazy about this as I AM NOT AN O+G EXPERT) that Oilex are struggling to deal with interpretting this so far.It seems to me we could have crude ,condensate and gas.I know terms are interchangeable for light crude and condensate but why would they use both terms in one para if it is the same product
They have already told us this being the first well they dont have a signature tune for the resevoir so it is more difficult to listen to what this well is saying This is even without the lack of flowtesting
The "smart" money looks as if it hasnt reached any conclusions either although Sydney often only reacts after London despite having the first chance to react

I will wait to see if London gives us any clues tonight because I think the bigger buyers can purchase more freely
If anyone has the ear of PAtersons and DJ Carmichael brokers would be interested to hear what their brokers are advising customers Whatever it is does not seemed to be startling enough to change the price much