top 5 fors and againsts, page-22

Dragsn.

i agree with your comments. But my point is it's still going to be expensive exploration. All i'm suggesting is that WHN may have to be prepared to farm out significant portions of equity to farm in partners.

yes, there is alot of interest on the east coast of africa, and this is where there is existing oil infrastructure. there is no oil infrastructure to speak of in the seychelles and its at least 1,500km offshore kenya. so it is a remote location, which typically increases costs.

the oil price has been above $60/bbl for the last 5 years at least, but no significant activity has taken place in the seychelles in that time. yes, Afren are involved now which is a good thing.

regarding oil price, there can only be so much upside before economies start to hurt.

having said all that, if WHN can pull of a Black Marlin deal, it'll be spectacular