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Gregy,If you read the announcement really really carefully, you...

  1. ian_whitchurch
    2,834 Posts.
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    13/10/04
    10:40
    Post #: 612548
    Gregy,

    If you read the announcement really really carefully, you dont see they are claiming it is economic - they dont say that, and they dont estimate the reserve size.

    What they are committing to is a bit of 3D next year - delaying any final information about whether it's economic or not until then (and the 3D will probably only cost about $0.5m between the 3 partners).

    Dodgy, yes. But it means the MOGOs excersise.

    Ian Whitchurch
    EBR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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