oly, the switch to development wells decision has come after the...

oly, the switch to development wells decision has come after the close of the previous quarter. The money earmarked for exploration WILL be switched to development wells and will likely cost a lot less at about $200k per well. It still comes out of the same bucket. I think part of the weakness recently stems from the loss of funds in US$ terms due to the currency movements combined with slight delays in getting Indonesia production permissions. Having a close look at the numbers I don't think they'll have to raise capital or take in a partner before the cash flow sweeps them forward but am not absolutely certain that that is the case. If they need money, I'll be the first with my hand up to tip in and like a few other investors I'm sure, will be an aggressive buyer once this cash position becomes clearer, combined with a slowing down of the volatilty on world markets