Ann: Update - East Mailisu Well No1 and Mailisu I, page-13

re: Ann: Update - East Mailisu Well No1 and M... I'm not particularly concerned whether Santos continues with us or not. Actually, I think it might be better if they didn't, at least in the long run. CIG now have a very experienced rig crew and a fully equiped rig thanks to all the practice from Santos' recent two wells.

What we do need from Santos - and they have been very slow with this - is the seismic due by the end of the year. As for cash flow - there is plenty of demand for our rig in Kyrz.. and neighbouring countries, so I don't think the situation is anything like as dire as some posts (and the stock price) would have us believe.