More what does it all mean type stuff, page-44

RE: "Not looking for a stoush, just disagreeing"

Hi Gilbert

Sorry, not sure what you are disagreeing with - I stated:

"Now FAR’s NPV estimate may be closer to the truth, I just don’t know – but plainly the market doesn’t buy it (or it does, but it doesn’t yet believe in 500mb which I find hard to sustain)"

And in general, I might also have added that, at least up until now, the market responses always seem to remain more in keeping with Cairn's dour conservativism than the more optimistic views put forward by FAR.

And just from the point of view of future table forecasts, I need consensus risking and costings like we more or less had in the past, and doesn't look like we are going to get it, so personally, as intimated previously I'm beginning to think "stuff the tables", lets hope FAR's analysis prevails, I've certainly got enough shares to benefit

pj