SAM WAHAB SEYMOUR PIERCE
The updated recovery rate is currently only applicable to the Basal Wealden where 756m barrels of oil is established. This represents a significant uplift from the prior 16 per cent recoverable guidance for the interval and the field as a whole.
SANJEEV BAHL NUMIS SECURITIES
Recovery factor will be determined by the farm-in partner that funds the development of the field, and we are unsure whether a partner would be willing to farm-in based on a mid case to low case resource scenario, and a wide range between the two exists.
ANDREW MCGEARY NORTHLAND CAPITAL
This announcement does not disappoint but the fairly wide range indicated suggests this is a fairly early prognosis open to further refining. However, if the 31 per cent incorporated into the initial development scenario proves accurate, this would be very good news.