re: Ann: Quarterly Report for the quarter end... From ann on...

re: Ann: Quarterly Report for the quarter end... From ann on 30/10/2009 regarding KN1:

"The joint venture continues its evaluation of reserves utilizing this recently obtained seismic with the operator recently stating that the closure is larger than anticipated"

Todays ann:

"Processing of this seismic data is nearing completion and mapping of the discovery will commence shortly"


I cant help but think these guys are just constantly stringing me along.

Which is it? Was it determined to be "larger than anticipated" or is mapping yet to commence?

I am actually stating to suspect we will be lucky if the discovery is 75bcf. Maybe they are just stalling, hoping to get pipeline access before admitting it.

I wonder why Nielsen left so quickly.