week 11 report, page-13

Hi 34232,

I too was hoping for something more upbeat.

Our only consolation is that this is a STO well. They are in charge of the basic info that gets let out to JV partners. They will, by nature and purpose, be more conservative during the 'guessing period'. If this was a pure Albers well, I'd be more worried about the tenor of the announcement. STO will do their tests, analyse them and hand the reports to OXX when they are ready. And they dont just instantly peel these of for $40-50m wells if they is questionably something there. So it wil be either a binary decision within 10 days or something later in July?

But, it will always be our nature to want a positive announcement. Thats why we're here.

Onto NZ, I say!

Cheers.