Abuman, Hello, a nice pick-up for the pies in Shane Woewodin.Ted...

Abuman,
Hello, a nice pick-up for the pies in Shane Woewodin.

Ted was saying that the JV is deciding whether to lease or build/buy a FPSO ship, if they lease then they start extracting the oil early 2005 but if the buy the ship then it'll be at the end of 2005, the ship to buy is approx $250 Million dollars, plus the product costs to extract the oil, which is also in the hundreds of millions

So reading between the lines you don't go to all that expense just to get a couple of squirts of oil for a sewing machine.To me 2005 will be a big year for HDR, the rest of the JV group and most importantly the loyal HDR members who will have been so patience.

Off to Bunyip now to visit a mate of mine who's in a wheel chair, tragic story,life can be cruel.