drilling update: mauritania, page-45

re: drilling update: labeidna exploration well in Xmagx

Have you been able to find out abnything about the newly selected well..Labeidna?? Its not on the map on the HDR website as far as I can see. has it been previously mentioned elsewhere.

One interpretqation of today's outcome could be that the JV has wanted to drill Sotto for a while because of Bogue .. and even if perhaps CSEMI wasn't too encouraging they have done it to convince themselves one way or the other about shallow water Block 3. Perhaps now we are heading into the less risky drills backed by CSEMI .. Espadon low risk, Tevet appraisal and deeper drilling to test the Cretaceous, and then Labeidna. Maybe CSEMI said no oil at Sotto and oil at Labeidna. Clutching at straws perhaps.......... but we have to because the JV doesn't tell us their thinking at all!!

H