Let's get this straight, the news release says this:

The potential resource in the area of Port au Port Bay, which is exploitable from land-based deviated wells, may be in the order of 1 to 2 billion barrels of oil-in-place based on the exploitable area, potential reservoir thickness and estimates of reservoir parameters derived mainly from analogues.

The licence held by CIVC covers all of Port au Port Bay and more besides - in other words the whole of the discovery, whatever it might prove to be inthe end. Perhaps someone knows whether the partnership agreement holds for all wells drilled within the licence area. In that case CIVC owns 22.5 per cent of a possible two billion barrels in place which can be drilled from land.

Also, this oil is not in the Aguathuna. It is in the Green Point Shales, which were drilled through on the way down to the Aguathuna. It is an unexpected discovery - and the Aguathuna is still the primary target. If oil is discovered there as well, it will be as well as the 2 billion.

Put it this way,I think we might do quite well out of what proves recoverable, even after development cost, royalties and the rest.

Let's wait and see what tomorrow brings.

Regards

Dunnock