Nice presentation, but very little new information.Drilling in...

Nice presentation, but very little new information.

Drilling in Uganda end of 2005 early 2006 could be of interest,however little information on prospect inventory, potential size etc..

Guyanne and Fakland progressing slowly... nothing new there. Otherwise Mauritania activity well covered in the presentation, good progress on Chinguetti which is critical. Ounce Chinguetti starts production Hardman should be rerated.

Hardman has 50 employees now, they have obviously been busy hiring over the last couple of years. They even have a project acquisition/generation team. It seams to me that Ted generated a lot more project than our new MD with a lot less employees....

Is Simon turning Hardman into a bit of a bloated bureaucracy a la BP? AWE by comparaison has 12 employees!

Simon has been reducing the number of projects since he arrived and increasing the number of employees how is that going to generate the best possible return on capital invested? Mauritania is the key asset of Hardman, but Hardman has no operatorship on any of that acreage.

Last slide alluding to news and progress over the next 6 months is somewhat encouraging...

Let's hope for a discovery at Espadon or any of the other prospects to be drilled by the end of the year...

regards,