wpl briefing, page-8

Joker, you wrote:

"Nice steady upward drive probably barring a major catastrophe."

How do you see the worst case long term catastrophe scenario of war on Iraq? E.g. if lines are eventually drawn between an Arab league (including Mauritania either willingly or reluctantly) and the West, how might that impact Woodside's ability to bring off its plans? Mauritania might not necessarily be in control of its own destiny no matter how much it wanted to see its oilfileds developed. Just a thought. (I hold HDR.)