gharabi 1, page-5

Cheers SP for your quick response, appreciated.

Extract from last quarter. Spending $6.5M on Mauritania
exploration and only valued at $4M doesn't sound like value for money. SP apart from China is their any other exploration asset we should get excited about?
Cheers in a advance. SiL
6.4.
Exploration and Development Expenditure Incurred
4Q 2010
3Q 2010
FY 2010
Exploration
US$?000
US$?000
US$?000
Mauritania
4,722
1,751
6,473
Angola
2,239
2,868
4,133
Mozambique Channel
552
312
2,030
New Zealand
428
5,654
6,702
China
281
534
1,498
Equatorial Guinea
43
80
393
Australia
44
37
802
Other
1,534
1,182
3,599
Total Exploration
9,843
12,418
25,630