Competent Person Report
  Key Findings of the CPR
  Existing wells suggest presence of active petroleum systems 
    Reservoir-Seal pairs 10,000 to > 21,000ft in wells
    Giant size traps > 500MMBOE
  Analogues: producing provinces in Cuba, south-central Florida and Mexico
  22 leads identified
  Development: FPSO for deep water, jack-up for shallow water
  Favourable fiscal terms
  Work programme to end of 2009 substantially exceeds mandatory programme
 



 

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