CASPIAN - 2005 Year of Growth - Serious Discussion Thread

I think that we should be careful not to overramp CSH prior to the RNS. I am expecting oil to be produced from the reworked Triassic wells at flow rates between 50 to 100 bopd. Flows within this range will be commercial and will firm up the triassic reserves. In addition there are the reserves in the Jurassic and Necomian. I think it is likely to be a case of steady progress, rather than tranformation, so I would not at this time get too excited.

A cause for excitment would be the granting of the extension area, although the odds on this being announced next week are probably less than evens.

Intriguing that there has been no announcement about the "large sells" a week or so ago.