At least Damon is on the job and looking well.
He is not giving much away with respect to Morocco where we really need the second well drilled by Freeport. If they fail they should pay us the full drilling cost. I am sure that the Government expect us to perform so we will need all the money to drill the second well.
**on looks our best bet for now with an oil discovery already on the block. Maybe we can step out that discovery, but $40.00 oil is certainly not helping.
We just spent $12m on surveys in Madagascar and await the result. Once again farming out will not be easy with the current oil price.
At least Damon is on the job.
Cheers all,
Ann: Investor Update, page-2
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