gm on 24 june, page-7

didnt make the gm on 24/06 but read in the presentation that they estimate a "Producible gas discovery in a 46 metre gas column" in reference to East Wing - ST1.

Not bad - these onshore wells produce for decades.

In a recent BPT presentation, they have P46 offshore drilling for Q1/2009 and not sure of the target as yet - Fermat or Bernoulli.

If onshore can produce some quick cash flow, alongs with some debt funding on the back of East wing et al, we could just keep our exposure to P46 at 25%.

Things looking up although certainly not an overnight star this one.