morning meeting-quick notes

Ian and others-our meeting with Tino this morning.
Worrior #2 is performing as per expectations with the drill rig going to take it right through to completion/production (first production week commencing 20th Sept-how is that for speed)
Arwon is a seperate field on the same structure as Worrior. The oil in place from Worrior passed through Arwon first.
Arwon is comparatively low risk and if it works according to plan it will double STU's reserve base to more than 7mmbls.
Harpoona, Derrilyn and RSW come on stream over the coming weeks but STU's emphasis remains on Arwon and Worrior.
No more hedging. All fresh production (W2,D,RSW,H and A will be unhedged).
Water cut at Acrasia stabilised at 70%.
Beeville is an attractive target albeit smaller than Worrior/Arwon. Balance of the Hughes block looks a bit barren at the moment.
Jezabeel shaping up nicely on 3D following Harpoono minor discovery.
Don't hold your breath on Doriemus being drilled until some deal is worked out with Santos.
Assuming Arwon works, the pipeline gets quickly advanced for Arwon#2 &3.-besides a tie up with Worrior.
Cheers,TAS