AGMWell, that was very short and to the point. Nobody asked any questions in public at the meeting. Not sure why everyone was silent so hopefully someone who's attended the meeting can bring back some information for us.
I really didn't get anything new out of this meeting, nothing we haven't heard many times before. Here's a summary of what I noted:
- We're drilling two of the biggest wells in the world in 2011
- Still in talks with potential jv partners
- D&M independent report- Resource potential: 325 million bbl on the two Albian targets (eagle)
- Steve led exploration of Repsol in 2004
- Cenomanian - 2nd best source rock in the world
- Prolific shelf plays, We're directly above it.
- 3.1 bbl on Corentyne with Albian plays
- Best contract terms in the world
- Mud Plant & pipe onshore ready to go
- Supply ships/Helicopters ready to go
- Rig ready to start drilling Jaguar end of Aug early Sept
No mention of any other details, they are sticking to the same story and game plan expecting to be drilling Eagle this year.