RE:Only baffling to you ODuckyFor Puddles... From hereandnow on LSE board. Jeffrey's travelled w Tullow on the road and reports... 1) Guyana Exploration Results, Upcoming Carapa Well & The Next Steps - Jethro is "HIGHLY COMMERCIAL" on a standalone basis, and TLW are considering development options, including a fast-track development option which would aim to achieve first oil in 3 years. Tullow are unlikely to enter a development with their current 60% WI & see a farm-down to ~40% as the right level moving forward. The upcoming Carapa-1 well is targeting a channel prospect which is part of the Liza feeder system. When asked on why the choice of the Carapa prospect, Mr McCoss said we couldnt not drill the feeder to Liza". However, Carapa is riskier than the Jethro & Joe wells, with Tullow guiding to a 15% CoS. The Carapa-1 well should spud this week & a result can be expected around end-November. Given the size of the prize in the Cretaceous, Tullow described Carapa as the "most important" well of the 3 in 2019.