copy of letter, page-9

I agree that the need to be a bit more transparent with their information (but you could say that about a lot of companies).

In addition to FP information (which they may be constrained due to ongoing commercial negotiations). Not making execuses for them as its gone on way to long but do need to be mindful that leases etc can be sensitive as can farmout negotiations.


Bongo seems to be a bit of a fizzer and most info I get is from diving into Caza's reports. They should be more upfront with it and tell us what their view is and whether they are considering further invbestment (B3) or moving on?

In regard to Bullseye and Bowtie from GGP's last update - are we involved or not? i.e Huth prospect? Just releasing GGP's release without a comment from them is not very informative. Perhaps they can tell shareholders whether they are contributing to drill (and if so how?)

The elephant in front of us SD. I would like to know whether they are prepared for the production expenditure in the event the flows are commercial. A definitive comment that they are fully covered for testing (which I think they are) would also be welcome. Equally if this one well does flow commercially then they have an option of further drils in the chorbane permit. Whats the longer term plan to fund this as cashflows from the first well may take some time.

Finally they have stated that they have a strategy of rasing fund for each defined project (and each stage of that project) however given the 2 large potential company makers of FP and SD, would like to know if the continue with that strategy or will now focus on whats in front of them.

We all invest at our own risk, however it doesn't hurt to ask the hard questions of directors, so long as its done with respect.

cheers

Maddoc