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chopsy - Mon, 02 Jan 06 :

The main geological risk now is flow rate from the discovery field. This should be with us in a short space of time as the further testing is completed. We can only hope its good, based on nearby geology in Medvezhye proper. Ieven if it is not fantastic, I think there are fracturing and other stimulation strategies fro improving flow rates if permeability is low. I guess porosity has already been assessed and is part of the resource estimation calculation.

RNS on this sort of news could have massive effect on the share price, one way or the other, and I await with interest.


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