Ann: Monthly Drilling Report - April 2015, page-2

Another great result for DLS with Pennington-4. It was drilled to test the upside potential of the Namur and Mid Namur reservoirs. i.e. the well successfully hit net pay in both reservoirs, which should mean an increase in the potential of the fields reserves, which are already substantial...

1P - 1.5MMbls
2P - 2.7MMbls
3P - 5.3MMbls

Pennington Field

Couple that with the other fields like Stunsail with its 2P of 1.6MMbls (3P-2.5MMbls) and the other fields and I find it quite meek of BPT to simply say that production from PEL 91 will be able to stay at high levels (in the quarterly briefing the do admit they might decide to add another truck to the 2 already delivering above the pipeline capacity, almost like they want to talk down PEL 91 right now....). Just 1 well in the Stunsail field when tested last year (from 2 reservoirs), produced at 7,900bopd!

Both these fields will be online in less than 6 months. Plus Bauer etc etc.