Ann: PETRONAS joins FAR to drill offshore The Gambia, page-119

Hi Kbrown,

I take your point on those options, and I am sure they are keeping an eye on those.

I think the reason why FAR wanted to be the operator could have something to do with control of information release (having to rely on CNE as per our last drills) and your Item 5 "Drill announcements, confirmed Stella". FAR would have a very good relationship with those guys after such a big appraisal program. If you remember, CN spoke glowingly of those involved. It would be a real plus to have them on board.

Similar to the Gambia announcement (and we were making enough complains about that until yesterday) there would be good reasons why the delay I am sure.

DJ, I had confirmation that that article about the "lawyer", the court case etc are just BS.

PE, well the pressure for WPL has gone up a notch JIMHO. Now that the possibility of A2 5 being part of a deal is out of the equation. WPL's bracing for impact I think.

I was a bit disappointed as I thought we would get two wells, but as Malcy said, those days are gone and in fact FAR did well out of it. I guess he should know.

AJIMHO.

KKW