annual results report .. comments, page-15

re: what potter didn't say! olive

You are right .. 97.5% of Matamata and my valuations will be worth dust!! LOL!!

Sounds like the exploration campaign offshore Mauritania will be going on right thru to the end of the year and well into 2006 (Tevet then Labeidna then Faucon in November, then Colin and Colin Deep,..then a Block 6 well). And Simon hinted at a well in the Dana JV Block 7 once seismic is interpreted .. perhaps early 2006. So I reckon we will see the 2005 campaign more or less merge into the start of the 2006 campaign.

And then we will also have a well or wells in Uganda by late 2005 or early 2006 to keep us entertained, followed by the big one .. Matamata before mid-year.

Of course what we need from all this i9s some more discoveries!!! And to get HDR really going a Tiof development approval (early production model I think) soon would be good.

H