Chance of Discvoery You have to like the chances that a discovery will be made in the next year offshore Namibia given that at least 8 wells will be completed in the next year starting with Nimrod spud in July.
4 wells by HRT - Rig already secured and first well to spud in Q4 2012
Nimrod - Rig secured and well to be spud in July 2012 (operator is Petrobras)
4 to 5 wells by Chariot/Petrobras/BP to be drilled in the next year
Tower to drill in well in second half 2012