Drilling and the Minority Interest

[Indoreservoir]

WoodMac report attached showing IOC has a 29% POS, Oil Search 10% and XOM 8% on new field wildcats.

And I count one discovery, not 2.  T1 or T2 was a delineation of Bwata-1, though they may be counting Elk and Antelope as separate discoveries.

I won't comment further on this, but will let the reader review and choose what they want to believe.

GLTAL

Note: I've removed the attachment for now so I can post the industry standard exploration risk method by Peter Rose.  In Petreng1's FWIW post.  I'll reattach the woodmac presentation after I shrink its size.  The 2.44 mb attachment limitation for combined attachments poses a difficulty.