Oil Search @ MS conference

[Getitrt2]

Slide page 18 shows Ant 6 spud mid-November (5 weeks from now) and Ant South spud by April 1, 2016 (less than 6 months from now, and subject to JV and govt approval). Looks promising for certification by mid 2Q16 if Ant 6 completes by early 2016.

Keep in mind that OSH's mid 2Q16 target date for certification is for their certification, not IOC's.

[jft310]

IR today stated slightly different timing due to being a different agreement . Who bets earlier ?????

[Palm]

It's a "different" agreement all right. Every time we get an update it's completely different than what we were told before; and it's not earlier.

[Gator]

[jft310]

I still think this is hilarious , thanks . Very clever .

[jft310]

Some think that Oil Search had a 3 additional wells requirement which will soon be compete. Thus they can proceed with certification . They can include Ant 6 on both certifications there's and Interoil. Ant 7 could be drilled to coincide with the appraisal process for Total/Interoil . So one more well.
So Oil Search could have an estimate with 3 additional wells and Interoil could have a certification with 4 additional wells . Or two different points in time or one with one more well than the other .
This is a flyer not based on talks with Interoil . Just trying to figure things out . Might produce a higher payment that way . Hession wants to max this payment that's for sure .