Ann: Senegal Activity Update , page-44

the report is inconclusive.

and there is no explanation for shell departure.

Shell mave have exited, even if they could make some conclusive interpret.

Shell are cost cutting, so we are non the wiser.

I had a chat with the company, just to ask, to put it in laymans terms.

Companies would still drill on the 3d sciesmic, which shows good prospects, just what is contained within??

others were interested and there was a data room open on the 3d Seiz, before shell took in, possibly some of these, possibly new players, but there was a hint that they have some external interests sniffing at them, and they will have to do due dilligence,,,

thats what its about, simply, a new jv, and the shell report doesnt bury us.

Also, in chat, it is just this fan complex, to which shell are inconclusive. there remains, the other shelf prospects, that would suit these other sniffs, in any regard.

not over, same, same, jv waiting.

when? thats the q. and you can bet the sp will rocket if/when it come out. So, hopefully the sp can continue to trend sideways, until that occurs.

But is suspect, that impatience may see it drift.

Given, that it only needs a jv to rocket again, is one of those ones, where its tick tock tick tock. Hold a few of these, and a good accumulation op in the making.

Fact is, others were interested before shell pushed them aside.

worth the hold imo.

cheers