Ann: Quarterly Cashflow Report, page-62

Hi Zac untill the budget is finalised I don't know if even the JV will be sure of things at this stage, they may still be negotiating on the supply vessel tenders but regardless, all important statements regarding Senegal will be JV statements released by CNE first and their shareholders are in the same situation as us...I wonder what their chat sites are like....

It probably needs to be taken into account that the type of investors FAR and other Companies like to have on board are well aware of the proceedures, likely costs, risks and timelines that come with the territory don't live for updates only for results, they may not like uncertainty any more than us but they do understand it , they will also be in contact with management with issues that concern them.


Traders or smaller "Mum and Dad" type holders who often frequent HC won't come high up the list of Managements priorities as their knowledge of what they put their money into isn't always that great , they panic easily, complain often and are not always great supporters of CR's in tough times,.It is beholden on shareholders to do research on the shares they hold after all its their money. The IP'S and Quarterlies present as much information as Company is able to given the constraints of the JV and the often secretive world of oil Companies...they are also not perfect..

All the speculation, conspiracies , theories and other assorted comments over the last few months all boil down to one issue really and that is proving commercial oil, we know we have the oil , we have the cash to get started , we are going to drill, its not far away and everything rides on it...bring it on..anything else pales into insignificance....

Cheers Whisky