dilution, page-21

re: dilution - hardmano dkv13,

I think you are wrong again here, there was a time limit for the Mauritanian Government to take up their rights! (next month some time, can't be bothered to look)

Sterling are the good boys now, but where are they going to find more oil! It looks to me they are relying on a % of the M Governments income, good luck to them, let's hope they cough up! Perhaps we can see why the markets thought the deal for Sterling is very high risk? (Cheque's in the post sir)

"My understanding is that the Mauritnian government has always had the right to buy into the project(at any time) using oil revenue proceeds. They could have done this in 2006 after production had started. They never had to provide initial CAPEX funds to the Project. I suspect Sterling have offered them some cash up front."