Ann: Thailand L20/50 Project Update , page-4

Wishlist,

I recall from the 2007 AGM that doing 3D over a decent area in this region was actually very expensive, and that that is why they would actually do limited relatively cheap drilling before doing 3D. I"ll leave the detail of the rationale to the highly capable geoscience people we pay to make these judgements.

Wouldn't want to be too sure about anything given the disapointments of the past 18 months, but looks to me like we"re well set up for newsflow going into the new year.

Happy to hold, but still exercising both patience and caution as to whether and when to add more. A dip closer to 40 seems ever more conceivable, although an L20/50 spud date and or arrival of the 2nd rig might counter the drift we"ve been seeing? my crystal ball pretty murky atm.

EL