Ann: Sidi Daher Drilling Rig Approval , page-11

Nice to have options of 4 rigs. If this was drilling in the US we would be waiting for months.

Look forward to confirmation of spud date and cost (albeit they have budgeted for costs in latest placement).

Look forward to the excitment of the drill reports as they go (hope the operator is informative).

Lots more news still to come over the next few weeks - bets a company sitting on the hands - at least they are giving it a red hot go.

FP still leaves a sour taste in the mouth but sticking to my theory that they are trying to maximise cash inflow from other producing assets so as to minimise dilution for the inevitble CR. So I reckon FP will be 2Q 11 (just a guess).

Picking that this will trade range between 1.4 - 1.6 for rest of 2010 and will start to see some momentum in Jan on spud rally (barring any interim news)
'

Good Luck All


Maddoc

PS Not going to comment on trends up or down or spikes or whatever. Its been flat for weeks as far as I'm concerned.