uganda exploration drilling nzizi, page-20

re: perhaps this triggered it... Akahooter,

I agree about a higher bid. The chances of this I place at 5%.

They would have looked at the history of Mauritania and probably come to the conclusion that it is in a dull phase right now and will take it on sufference. Even if there is a 50% drop at Ching they may not exercise the option to withdraw IMO. Hoping for improvement in other areas of Mauritania at a later date could be the longer term play for Tullow.

On Uganda if SailorGirl's figures materialise then TLW will be well rewarded from this area alone. Anything else they get from other HDR area's will be icing on the cake

regards

Acamas