re: Ann: Quarterly Report for quarter ended 3... This from...

re: Ann: Quarterly Report for quarter ended 3... This from BUY:

"Commercialisation KIliwani North Kiliwani North is only 3.5 kilometres from Songo Songo gas plant and the head of the pipeline to Dar es Salaam. The Kiliwani North partners have access to the pipeline and negotiations are now underway
with the Tanzanian authorities and other stakeholders on an arrangement that will enable Kiliwani North gas to be developed at a profit. The present aim is to be in production in 2010. The gas market is for power generation at a base price and to an increasing number of industrial users in Dar es Salaam and environs at a premium price. Work is proceeding on letting contracts for Environmental Studies and Engineering studies on the tie-in of Killiwani North to the Songas plant. Appraisal Kiliwani North Contracts for a seismic survey to delineate the Kiliwani North pool to the north of the well should be let shortly."