shell out of sc 54b, page-6

Personally, I don't think Shell's withdrawal is negative news at all.

When you think about it and examine the deal and lead up to the Gindara drill, Shell were never really interested. They managed to get 45% of 600M to a billion bbls potential OIIP for pocket money...it didn't come off, no big deal!

This is actually good news for KIK in their current climate...they have gained an additional 18% in a very prospective block...something they can sell (for a second time) and be better off than they were before Shell pulled out.

I made some comment about this on the NDO threads.

For mine, KIK's future rests with some action in SC54A via some cheap drilling and a production set up (income), and this would do NDO a world of good too.