brr now, page-6

Fortitude:
Angolans have accepted 30 cents per share for buyout of Fortitude stake to raise it to 63.9%. This will go into the agenda for the AGM.

Offshore:
Blocks 6, 15, 17 and 18 confirmed as what we are offered.

We have more time however to sign off, so will be using it.

For interest - Eni bidded $902M for part of block 15 in 2006.

Matanda:
Person responsible is sick - happy with the delay because of all the other work.

Overall -

I'm happy with the BRR however it is no surprise that the SP is tanking as the whole thing was yet another delay.

They are serious blocks that we are being offered. They are all full up with the exception of block 9 however - not sure how we will be shoehorned into them.

All the best.