Ann: TMK: Production Testing Commences, page-20

Ummm they can borrow money on the expected cash flow that is coming - you have neglected to mention that.

In regards to Mongolia the other comments by other posters about everything running smoothly is also misleading if a source of psychological comfort.

The gas flows economically ..... or it doesn't. A very binary outcome with hire implications either way.

My risk management approach was to not risk it but to watch like a hawke ready to jump back in if either EXR or this play announce commerciality. My downside is the extra I have to pay. EXR's delays being my main reason for this decision as I suffered through the STX coal seam delays..... Not again.

Don't hold for now but hope to again.