mauritanian drilling update, page-17

re: increased huge buyer interest The first target is at 2000 metres - which by my calculation is around Nov 13. It will wobble a bit before then. The second target is at 3800m. Roughly Dec 20ish.

There is a second prospect in the block which no doubt will be drilled after Heron.

I believe Dana's offer to HDR prices in-ground producing reserves at $12 per barrel. Heron would cost around 250m to develop. Estimate reserves around 400m. Halve it for the sake of calculations

Net to BKP is 70 barrels @ 12 = 840m less development costs still leaves a pretty chunk for BKP.

Risk adjusted at 25% - still looking good.

The market has its own ideas and is always right.....eventually, but still I think this case the market has got it wrong right now. Worth much more than 30c

cheers to holders