re: Ann: Basker-Manta-Gummy Oil and Gas Proje... "These actions have reduced BMG JV cost commitments in 2009 by over US$100 million and provided a more flexible drilling programme for the project."
"The BMG JV anticipates that work on the upgrade of the Crystal Ocean facilities will be completed during 4Q09, before the gas flaring volume limit is reached. The total cost for the installation and commissioning of the new facilities will be approximately A$10 million."
A reduction of in excess of US$90M for the JV in 2009. ROC's share of these is 40% or in excess of US$36M.
Regards
SP
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