you know jocam, that delay in the drilling is just the gap I...

you know jocam, that delay in the drilling is just the gap I have been seeking, to see effect it has on the cash balance.

I would imagine the physical spending for the qtr would involve the tail end of the Vermillion drills, the ongoing onshore costs (which are not big vs offshore costs) and the getting ready of the Main Pass refurbed platform.

Balance that off against US$5M a month we calculated they would be bringing in and we should see the cash balance grow. Hopefully the growth in that cash balance will give us some idea of the earnings potential of what they currently produce.

We could do with a few more drilling delays like that. Certainly banishes any thought of a 'placement'.