Equator Exploration - W. African Oil / Gas Giant in the Making (moderated)

sanos - Muppets is a term in relation to their report for OML122 and not other clients.

They inferred an Oil Rim in the C1 reservoir where none before them had and then gave it an 80% POS.

There was no oil rim only gas. EEL also reported that they hit the C1 sands higher than expected from the seismic.

I am assuming it was these guys who inferred this oil rim and interpreted the seismics and not Wade and co themselves. Of course I could be wrong.

This is the reason I believe for the fall from May as someone was on the ball way back then.

At the current prices I am happy to hold with a medium term view as the deep water prospects look more robust.