action from management, page-7

Mmmm well i honestly dont think GGP are deliberately not drilling FP2 because they want to be spiteful to VIL. Look at thier SP its the SAME as ours. They are in the same dire straits. Getting a good result from FP2 even with only a 28% interest will still be very benificial for them. As they will be able to get instant cash from it. And they need cash right now as much as we do. I think there are 2 things that were stopping FP2 from being drilled. There must have been some legal or under hand dealings that took some time in order to get the seismic data for the area (as a dry hole will be disastrous for both companies so they really wanna get this one VERY right). And money. From us. You have to remember that we own 72% of FP2 and so have to PAY for 72%. Thats more than the 400k we had before the most recent CR. They had to vote on the CR as it was outside of the regulation 15% and so couldnt do it until after the AGM.

Now as miki said from the notes he got whilst attending the AGM, they have the data and are getting a 3rd party company to analyze it thoroughly and expect to have the results within 2 months. Meaning a location will be chosen within 2-3 months (lets be safe and say March)

So what else do we have to look forward to? what other Anns should be around the corner?

Come end of Jan we should know about Sidi.

Anyone know anything about a bongo re-evaluation?

Silverwood news?

Bongo update? surely rates should have stabilised by now and shouldnt AUJ release some kind of Ann stating how long it will take to get production facilities in place?

Bowtie West presents and exciting exploration play to be drilled in the short term - Not sure how long "Short term" is. Im guessing sometime over the next 6 months?