adi leading the way, page-4

Doodlebugger,

interested to understand why you think the remaining ADI Yemen acreage will be sold at much cheaper prices?

Don't overlook the fact that ADI command a premium as they should have much more cash on hand to fund other projects. I value it at ADI - 10c * 65%

The recent cap raising to the 'sophisticated' investors at 3.8cents means EKA may also have some selling to soak up first.

Anyhow the flipside is that ADI could be getting ahead of itself, and the 'out of sync' can work the other way.

Don't get me wrong, I hope all JVPs have success, but see the larger discount on EKA warranted until this project is confirmed a success.

A