Ann: Extension of Puntland PSA's , page-8

Smart,

That's just it, it is VERY different this time with the PSA. There are set DEADLINES that AOI either meet or run the very real risk of being kicked off the project. They have invested multi millions of $ and now must do or die so to speak... In my mind, they are not going to walk away after their investment, so will act now and fast... Unless they want to use two seperate drills I think they could be mobilising a lot sooner that many think...

Two drills for 100s of millions of barrels by September. I'm incredibly happy by that, I don't know what more positives we could have got from the PSA Extension...(?)

Another great step towards a possible monster year for RRL/RRS...

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