We have a pulse!, page-61

JC,

Carried for a cost contribution of USD 2.5m. Don't fall into the trap of thinking that Swala will not have to contribute to well costs if they exceed USD 10m. Hoping for a safe and quick drill ops. for Kito 1 but onshore drilling in Tanzania has a chequered history with problems, have a look at Aminex. Hopefully the rig selected won't be the old Caroil 6 if it's still in TZ.

So based on that, I would expect that Swala will tap the market just before spud to have some contingency up our sleeve, hard to raise money when things have turned to shite.

Jimbo