General Thoughts, page-1408

Arrived and work underway. Three blue dots to our (PEL 87 black square) south are Tungsten Explorer at Total's Mangetti-1X (Venus North), Deepsea Mira at Total's Venus-1A and Deepsea Bollsta at Shell's Jonker-1A. I expect an update from Total and Shell next week at Africa Oil Week on all three. One that has been quiet in the last couple of months also is Galp. They are presenting at Africa Oil Week and on 01/08 Upstream reported "Galp chief executive Filipe Silva told analysts on Monday that while “it’s too early” to share detailed information on prospectivity, “it looks like it's large and high quality, but I’ll stop there”. Galp's PEL 83 is the licence directly to Saturn's south, between us and Shell's PEL 39 where Jonker is.