Hurricane and Helios in GSAHurricane exploration well to be drilled in Q1 2012, along with eventual addition of Helios wells in the GSA, neither of which are included in the Stella and Harrier production, so we have still significant upside with the addition of Hurricane and Helios to IAE production rates once they are drilled and added to the GSA Hub. Stella and Harrier are estimated by IAE at 30,000 boepd of which approx 16,000 net IAE, that puts our production at approx 26,000 bopd in H2 2013.
Significantly this excluded Hurricane and Helios that when their expected production is added, will put us in the 30,000 to 40,000 bopd range, which always has been IAE CEO goal, recall is estimate of $2B and 30,000 - 40,000 bopd producer, that is by adding the expected production from Hurricane and Helios and creating a GSA hub.
Also, RBC analyst and others have not given any valuation to Hurricane and Helios in IAE NAV. The CFPS will be huge, again near $3 CFPS in H2 2013
You can clearly see IAE plan, patience will be rewarded, long and strong, cheers