UZ That is interesting as it doesn't appear in the accounts (ref...

UZ

That is interesting as it doesn't appear in the accounts (ref Page 62 of 2013 Annual report) or the 2012 accounts.

The original deal was that TAP bought 75% of the entity, but it was later adjusted so that TAP had a 30% direct interest in Manora (i.e. 75%) of the original 40%. NGulf then held the other 10% directly. The exploration permits were still held via the original deal.

Just found the reference. The Dec 2013 quarterly discusses the unwinding of the 75% shareholding in NGulf and these interests are also now held directly.

I suspect that the website reference is stale.

That would answer the dilemma. Either that or I'm wrong!!!!!!!

No, that cant be right!!!!!!

Cheers, Al