Ann: Quarterly Report for period ending 30 June 2, page-16

re: Ann: Quarterly Report for period ending 3... petro,

The mid case estimate for Aboabo is 1 Tcf - that is not commercial without a domestic gas market. The cost of a pipeline to anywhere with such a market is well beyond NDO's ability to pay.

If NDO re-drill an old discovery it will only be to stroke the ego of those in charge and will represent another $15-20 million wasted.

There is no value in "re-discovering" gas that is too small to commercialise. Drill another target and perhaps together they become viable or even better, go drill an oil prone target.

Whatever you do, don?t waste our money re-drilling uncommercial gas.


wdh