Firstly, exp costs relate to Winchester and agreement with...

Firstly, exp costs relate to Winchester and agreement with Santos to deepen the hole. Latest blurb on Peak Oil t/o says Matuku to spud within a week from last Thursday. Kan Tan iv likely to pull anchors over weekend, short tow to Matuku, spud probably Tuesday I guess.
Albers setting OXX up to roll on with more oil projects and will be sitting on a rocket if Matuku comes in. Field able to complete back to existing facilities so $$$$ will flow pretty quickly or OXX will be cheque booked out. Tough business but feeling very optimistic, Matuku is quoted as a high COS based on proximity to existing oil, existing downhole data and 3d seismic. Am expecting a push to mid thirties at least during drilling as success upside is very good.