notice of tullow shareholding, page-6

Of course another way of looking at it is that if the Tullow bid is superceeded by another much higher one, as some suspect, they could withdraw with the 14million and a healthy premium on thier 3%.

Dont dismiss that because Tullow probably only want Uganda, who would want Mauritania and all the additional expense?

In answering my own question, Mauritania is obviously falling well short of being the next new oil province that was expected. Duster after duster, finds not living up to expectationscomplicated fields and bowls of spaghetti caused by soft sandstone.

Guyanne sounds nice, but I recall their being a comment that it has the same geology as Mauritainia. Maybe not such a good prospect after all.

You can bet your pension that Tullow, if sucessfull would lilkely asset strip until it got what they are really after.

Lookinfg at it cynically, I would definitely sell off Mauritania Guyannne and Suriname, for around A$1.47 billion, I might even throw in the Fallklands acreage.