Initial comments I consider this N/R to be very positive. Yes, many delays, but the main prize is now more firmly established. 390 Ft. gas column is very big. What was supposed to be a secondary objective is now likely to become a primary objective. The previous primary objective is still there and can be drilled at a later date.
Sawn lake is being re-activated. Keep in mind that Baytex is producing less than 10 km to the south and they consider this their prime property. There is tremendous potential here. We now have the cash and technical expertise to access that potential. Through the rights offering we could increase our 53% holding on the cheap. Not too bad.
Thailand is as expected. No surprises there.