Phillip's PE squared conundrum, page-45

Hi H...I feel your anxiety and the lack of news all along hasn't been kind to us all.

Somehow this time the wait could be well worth it and if its as expected we could be in for a game-changer...

I know you have been around for a long while with this stock...I bought in based entirely on the prospects held pre- Fan-1 (4c)....I particular liked the Kenyan reefs (and still do)but was also aware of the FANs and shelf prospects off Senegal.

So when they hit deep in FAN-1 I dived in (just when Tim was accumulating), especially after talking with Cath at the RRS event at the Gold Coast. The source kitchen was not only prolific but was in the right place..It appeared a no-brainer...

I believe in this management and have watched Cath surround herself with top rate players in preparation for this event.....

At recent meetings, in what appears to be post-WPL/CON offer, this management team have clearly stated that they intend to grow their equity in this new basin....or get taken out at the right price whilst working hard at it.

I take all that to mean they should/would be prepared for this event, even if WPL lobbed the news without notice...

There is a heap of news coming out shortly from FAR with regards to their position with Senegal..

close, my friend...Close

CV