letter to shareholders released, page-2

But its all contingent on NSE signing a (crap) deal with Hunter Magnum. Whether NSE have the cash after going on drilling spree in Texas is a big question.

I am very concerned about this talk of drilling in the US. Drilling is expensive, and I would prefer to concentrate on a place where we have a huge resource and home ground advantage.

Get the seismic for PEL 570 done ASAP so the drilling can begin ASAP...all else is a distraction in my humble opinion.