Raks, excuse my sceptisism but I have thought that this is the...

Raks, excuse my sceptisism but I have thought that this is the time and heard this is the time, too many times before?

I have no belief that their Nor- west permits were of any real value. And I think the fact that the Company has not progressed them for three years or more and has now withdrawen participation in one, indicates they dont rate them highly either.

It is all about trying to get into some new venture in Africa and to this point, securing a deal is proving to difficult for whatever reasons. The Challenger agreement is costing lots of money though for little reward.

Ted Jacobsen leaving was the final straw for me.