What could be going on, page-14

LOL. Maybe I need to change my id to Dr.Doomsday.

The farmout is the current risk that could break pcl but I'm assuming a deal will be reached. Don't know how many offers, with whom or how good but I'm assuming we will get something. Remember, Total almost didn't drill Venus but the discoveries should push someone to have a go.

I am assuming the our contract is in good order on the basis that management have stated it to be so and no news out of Namibia to the contrary. Would have been good to get confirmation it was rubber stamped by the ministry but it may still appear in one of the quarterlies.

Depending on the contract with our new partner the next risk is either drilling commitment after the 3D or just our chance of success in the drill itself (if contract has a commitment to drill included). The commitment to drill is a minor one as I see 3D as helping pick the best spot.

So once a farm out is confirmed and the deal known, I don't see any major issues until drill time. Then it's just a hope the rotary lie detector proves commercial oil exists there. That will be the make or break moment. Depending on the amount invested and the result, some might decide to retire early or work a few years more.

Am I trying to keep things too real? It's ok to dream. Hope they come true for everyone.