Tullow JV'd on Georgetown a couple of years ago, prior to making that comitment they would have had access to all of the studies, reports and seismic data that was available. They must have liked what they saw and with their experiance with the west coast of Africa probably recognized many similaries with Georgetown and along with the recent Zaydeus discovery they probably have the Jaguar target nailed down pretty tight.

Repsol has their proprietary software for interpretation of seismic and vast experiance of having spudded numerous wells.

I don't think we could be in better hands, if these boys are confident that there is oil to be found that bodes well for ES as it is very close to Jaguar and with the old Abary 1 inbetween I would say things are looking good.