Recommendation, page-1406

Hello Pedini and Hongfang, you both asked how my visit to ADU went and I can report that it went very well. Others on this platform have picked up on Lindsay's comments about the Bank's Executive visit to Cabinda and the anticipated confirmation of the loan next week.

I met Chairman Paul McKenzie and Non Executive Director Valentine Chitalu, both of whom are very supportive of Lindsay and the work that he has done to take the project to this stage. An interesting comment came up in my discussion, that it is unlikely that the condition precedent of conversion of the binding MOU with Carrinhowill be required for the Sovereign Wealth Fund equity and the Bank loan. Mythinking is that there could be further discussion with IDC.

All very positivestuff.

Below : Directors Valentine, Lindsay and Paul at the Minbos Booth