home straight.

Hey ROZNOV,

What are your final thoughts as TD approaches?

I just knew there was something NQR with the Kiliwani-1 program when KEY released their drilling report a few weeks ago, citing 'maintenance to mud pump engines.' Faulty mud pump engines were the precise reason the Caroil-6 drilling rig was repaired before being handed over to the five-part consortium. I am relieved that the KEY management are honest and have revealed that the mud pump engines (and power generator) are the reason for the slow-down in progress. Better late than never!

I wonder if the Caroil-6 will be repaired again before embarking on the Kiliwani North leg? I didn't quite expect problems with the drilling rig due to the fact that CEO Ken Russell has spent an exstensive part of his career at Shlumberger - the leading European drilling services provider.

I think the success of the well will be known within 14 days. What are your thoughts?