balai 2 - 87 metres, page-9

Suchislife - it's not only the earnings that matter but also cashflow - roc in the last few years hasn't seen the combination of high oil price plus high production , in the past when production was higher they had debt and hedging , and last year when hedging finished , that did well even with a good prod profile- this year they will see high prod , high oil price , no hedging , and no cash flow going to things like BMG decisioning which sucked about 40 million 18 months ago. Additional they enter the year with net cash and inv circa 80 million and new discoveries yet to be included in reserves