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The interview was not really to my taste, I like to body language and voice that demonstrates confidence and openness - there where times in the interview when he looked distinctly uncomfortable though always keyed up about the issues. I put it down to him being very cautious about saying something which could be construed as ambiguous, commercially sensitive or an exaggeration. He's a very experienced guy and I assume diplomatic, wouldn't directly criticise the Indians, Equador when drawn by Malcy. What he said was sensible and measured which brings me to CPO-5. The Indians and Amer are being very cagey, at least outside the industry - who are these people suggesting large valuations of the block, it's not PI's (he wouldn't take notice of us) so perhaps industry players as nothing has filtered into the market in terms of SP demand. Who is suggesting huge valuations and why think that? I suspect ONGC would prefer to play it down, if they are interested in taking our share they would not wish to alert potential competitors and push the price up - we are likely to have scant information, just the bare bones on this block. I'm not even sure if Amerisur are contractually permitted to present a formal view without approval, Amerisur certainly don't shy away from over-egging things but not in this case. ONGC have released another tender today for "HIRING OF AGENCY FOR TESTING TOOLS & COMPLETION SERVICES FOR WELL INDICO-1X". They are certainly getting on with it, but there are so many tenders and they are almost presented end to end. I cannot believe they are going to go through this routine for ever well, suggest bad project management, deliberate feet dragging or a team that can't/won't cope with the volume of work. Previously they contracted for 2 wells and didn't formally tender for all the granular stuff and haven't done this on all their other wells. Perhaps they are building a pool of relationships for future work, I hope so as it will be painful to watch this slug-like process for every well. As they never drilled the Sol-1 well which was part of the Mariposa tender, some suppliers could have been reluctant to sign up again at all or at a decent price without formal tender. It all seems very strange and cumbersome, but I'm not an experienced person so perhaps someone with experience could comment?