This is Mr Lincoln Augustus, first second cousin of...

This is Mr Lincoln Augustus, first second cousin of Holymagiman.

Just some thoughts to while away the time on on a warm Jamaican evening.

It is indeed interesting to see the announcements that Mr David Johnson has had his share-holdings diluted to 4.97% of MEL and that Ms Glenda McLoughlin has had her holding reduced to 4.06% by the recent Share Purchase Plan.

That Share Purchase Plan has suddenly reduced the holdings of the top twenty shareholders from 35.31% down to 26.38%.

If ever the family saw a share register that was really wide open, this is it.

And todays announcement about reserve upgrades makes no bones about it, that a reserve upgrade is expected in this quarter, which ends on March 31st. And we feel that it certainly won't be the last upgrade for the year

So what do we have...

......a company with substantial reserves

.....that has every intention of having a reserve upgrade, (and the family is of the opinion that this increase in 2p and 3P reserves will not be insubstantial)

.....With a vulnerably wide open share register

.....In a very strategic basin

....Awaiting upon some very interesting conventional gas results

....And having a lot of lines for the idle to read between.

But it is getting late and Holymagiman calls, to join him in partaking in some Red Stripe and the some delightful Jamaica Numba One, to help us over the hangover that we are so temporarily hungover with.

Blessing of the Lord
MLA