Hi Acamas, Again commenting on the cashflows! Downbeat???My...

Hi Acamas,

Again commenting on the cashflows! Downbeat???

My interpretation on the cash position would be:

- HDR more than covered exploration, development and admin costs by sales receipts. Total operating and investing cash flows of $5.3m...
- Estimated exploration and development cash flow for Q4 is $38m, therefore this will also be covered by opertaing cashflow...

But I guess that is all by the by as you seems to have formed an opinion!

I'm not sure of the exact detail of the 'production sharing contracts' reagrding your question as to your missing barrels. Perhaps another posted could be more definitive? Although, if you look back through the previous quarterly announcements you will notice a similar situation. Royalties to the Mauritanian govt?

Cheers

Merkin