Ann: Commencement of drilling at Rafael Shallow 1, page-39

Sweet jesus, i hope you haven't mistaken the idiotic quote i used, for support of gross incompetence. I'm a conservative, always have been, always will be.

The sad reality Doto, is we'll only be in the cross-hairs of an offer once we're de-risked substantially. We would need to have completed construction of at least Phase 2 Raf deep processing plant and the successful delivery of product to market, or in the shorter term producing significant quantities of oil from the Shallow field through a proven export system.