re: i am not happy 3.03, page-5

re: i am not happy 3.03 From my calculations the break fee is worth about 1 cent I.E. since it is now trading at $2.03 that's break even, equiv to $ 14.712M if I have done my calcs right! If so , any counterbid doesn't have to go up much presumably. Possibly worth hanging in for a while: Problem though as money is tied up till January 2007 depending on how the SP pans out !

I am also a long term investor and feel it is too cheap but then again if you buy into Tullow you only a get a proportion of the lift if it is too cheap as the existing shareholders get its true value!

Remember if the current drill of Flamant is a duster then at least the downside is covered !

Any thoughts ?