is looking good today, page-9

Problem is with this Columbia thing- we'll need money to pay for it which means a share placing.

Doesn't make it not a good deal, but any value add will be compensated for by the additional shares in issue, and it also means any successes in Trinidad add less to the share price.

I put it to you all that with the price currently well below NAV, any further placements to buy assets would not be in our best interests. Unless it's an absolute cracking deal of course. The Texas money won't be avaliable until Q3 2012 in PL time- so don't be expecting an asset sale until Q2 2013, IMO. Columbia therefore would need funding by issuing capital.