General discussion, page-140

It does look like they underestimated when the approval for Horse Rocks would come through, although I wouldn’t call their estimation a promise. Also to be honest I think it has been a good thing that nothing much has happened in the past few months as LRD has been able to avoid overall negative market sentiment. Hopefully when the approval comes the market will keep improving and the options will become in the money. That might keep a lid on things for a bit but they have said that as soon as approval comes in they’ll start exploration and I believe that. At this MC any reasonable results will see a very decent upside and that’s what I’m hoping will happen. The waiting is annoying but so far it hasn’t dropped much below IPO price which is something at least.