20 billion cubic feet....., page-26

Hi Miki,

Thanks for Offering to consider posing our questions to mgmt.


1) What do they value FP at?
2) How much money do they have in the in the bank?
3) Will they be farming out a percentage just to cover the FP costs or more ?
4) If more how much more and for what purpose?
5) Based on the above we can then roughly evaluate how much they should farm out and what percentage
(936000 - Q2 + Q4 )/Q1
6) Are there any parties/companies already interested in taking up the the farmout deal, parties other than GGP.
7) If Bongo2 starts producing, will they use these funds to lessen the percentage to farm out.
8) There has been no news regarding Bongo2 compared to the flurry of news today - just before the general meeting.
9) How much do we have to contribute if/when SD goes into production.
10) Last but not least, can we not have another CR until our SP has been rerated accordingly.

I was going to add utilising funds from a producing SD well, but I dont think SD will be producing in time before the farm out process is well under way.
Also any farm out agreement will most likely have an agreement breaking clause which would see the party breaking the agreement having to pay out a sum of money.

Thanks