far and hunt oil in senegal, page-55

My thinking is that Hunt would have had a few potential suitors in mind for the last couple of years whose analysts are probably currently evaluating the data. Based on the results the "potentials' will negotiate with Hunt for either a farm out or perhaps a buy out.

Whilst ME claims to not have much information on the state of the analysis or any negotiations we all know that he will be kept up to speed by Hunts team (you don't have 30% and be treated like a mushroom)and has indicated that we would have some indication in the third quarter, i think we will be made aware of progress before end of september

My concern is the apparent lack of movement in the rig negotiations for Waller. Waller is the carrot to keep us interested until Senegal negotiations are completed so i was expecting more action on this matter following the share placement

Just my thoughts. DYOR

Chelmers