march information brochure, page-23

re: egoli's article The only problem with buying opportunities is:

1. Eventually you run out of money and everything is riding on one stock and

2. You never know whether there might be an even better buying opportunity tomorrow or next week.

At $1.75 one would think it would be unlikely to head lower but if the next lot of exploration wells are as disappointing as the last 3 then who knows.

Even if that happens by the time they start pumping from Chinguetti is less than year they would have to be $2 absolute minimum one would think.

So in my opinion there is very little risk of downside (apart from a major fall in oil price or sovereign risk) and of course a very good chance of significant upside.