dispute settlement, page-2

re: dispute settlement .. snouty snouty

Thanks very much for the update on the dispute. You do seem to have had some very reliable sources lately .. that's reassuring. A near-term resolution of the dispute in a win-win would as you say see the market overcome its reluctance to factor in recent developments and see a sp closer to $2.30-$2.40 initially IMHO. Then upwards from there.

I keep thinking how Simon made a point of saying that in Uganda they are looking a one play type .. that is a rift system. In other words the tap is the faulting and their graphic representations of this have hinted at it being one connected field. When we have an appraisal well on thicker sands and a demonstration that it is a single field (which they have indicated has a 1.6 billion barrel potential) .. then we will see some real sp action.

H