Ann: Quarterly Activities Report, page-15

Been out all morning .. poor timing I know!! Have to admit to being a little disappointed in there being no claw back of well costs for FAN given the "maintenance" issue, and also slightly disappointed that drilling won't be until Q4. Expected the delays in Kenya (although hoped for progress). But these are minor disappointments and what I really like is the "Two World Class Discoveries", the 2 apprasials on SNE so production could be closer than anticipated, and of course the exploration drilling.

Sounds like results from the well analyses could be any day but most likely not until late February or March with the appraisal program in April.

The pull-back is not surprising given the potentially long timelines .. too long for traders.

Leaves me wondering what the "other" potential announcement expected by 10mc and JP could be about??????

H