£1 is a long way off yet, probably many more finds than Douglas. It would need to be a very good oil or condensate find at Puk Puk to justify us passing 20-30p. The commercialisation report could take us close or past 10p if there is a clear strategy of looking for finance and realistic possibilities for developing a prospect of this size. The chances of an appraisal of Douglas containing gas updip is high. the next well will be targeting for production. We all heard the CEO of Austral suggesting that Douglas could potentially be the hub of the gas gathering facilities and the comment of "world class" when talking about Douglas. None of their other prospects were described as "world class" during that interview. May haps they have been playing Douglas down until they wanted the funding for development, have a look at the IPO for the P50 gas at Douglas. ;o)
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