$2, page-18

re: $3- who'll pick it?? Hi eyeinthesky and all,

Certainly plenty more Banda value we can look forward too where the sp is concerned.

"Gas has little value locally but Banda lies close to shore and may be big enough to form an anchor for a future LNG scheme. Hardman puts resources at 2 to 3 Tcf (an oil equivalent of 330 to 500 million barrels) Both Woodside and BG are LNG operators and Mauritania is geographically well positioned to supply US and European markets."


Going back to the upcoming program, considering the following from the Oriel report, I'd say the JV will use the WN for top hole sections once again before the ST returns for the bottom hole drills. That is of course if Chinguetti duties are completed sooner than expected.


"The West Navigator should complete the Chinguetti development during the third quarter while the Stena Tay will go to the Canary Islands for a one month refit shortly and return in July to commence the next exploration and appraisal drilling programme. The rigs are under a rolling contract and currently held until this November. The West Navigator is due to be released but the contract for the Stena Tay can be extended until September next year at the same rate."