re: coup attempt latest news I dont think this is going to...

re: coup attempt latest news I dont think this is going to effect contracts. Infact it seems its exactly Why it has happened. They want the cash that is about to start coming in.

Seems we may get another chance to top up after all.


Wednesday, August 03, 2005 10:07:51 AM ET
Dow Jones Newswires

1355 GMT [Dow Jones] A successful coup in Mauritania, if it was to occur, may not result in contracts with UK oil companies being broken, says Jane's analyst Richard Reeves, but may impede project development. BG Group (BRG), Sterling Resources (SEY.LN) and Premier Oil (PMO.LN) have significant assets in country, where military unrest has been witnessed Wednesday. Adds any new ruler "would need to maintain confidence" in fledgling oil industry, but Organization of African Unity may press for oil exports blockade. (BXF) :
http://www.newratings.com/analyst_news/article_951571.html

UK E&P Cos Could Be Hit In Mauritania >BRG

Wednesday, August 03, 2005 9:38:01 AM ET
Dow Jones Newswires


1321 GMT [Dow Jones]--If current unrest in Mauritania results in a coup d'etat, "short-term instability" might have an impact on oil and gas companies' operations there, says Control Risks analyst Sarah Meyers. BG Group PLC (BRG), Sterling Resources PLC (SEY.LN) and Premier Oil PLC (PMO.LN) have significant assets in country. BG says it's monitoring the situation, Sterling and Premier not available to comment. Sterling's shares, -6.2% at 18.8 pence, BG, +1.5% at 488p, Premier Oil, +1.2% at 735p. (BXF) :
http://www.newratings.com/analyst_news/article_951497.html