IOC P/R this AM

[jft310]

Thanks Stavros. I was told total costs on that condensate were at most $10 range which means a very high margin product. Phil's interview with Reuters then stands as gospel. The condensate sales would offset most of the feedstock costs. The LNG production is on top of these condensate numbers.Think Japan wants more LNG????

[Thylacine-2]

There is black oil down there somewhere. When our exploration program kicks into high gear I expect we will find it.

[sageo]

Thy  - Good AM yo you . Yes,it is down there ! And some day (notice I didn't say "soon" ,our drill bit will find it .

[johnwgrant]

"The forward program is to complete the remaining wireline logging test program before suspending the well for recompletion as a future producer."

How long do you think this will take (assuming they started on 12/26/12)?

[TxPm]

John, this should take 2 weeks from Dec 25th would be my guess...give IOC 15 days to be nice and lets call it the end of next week after which crew will be moved to E3 to begin drilling there

[johnwgrant]

Thanks TxPm !!!