time frame, page-2

Any thoughts on the upcoming announcements time-frame? When do we expect to hear about Italy? when do we expect reserve estimates to be out for KN-1? When do we expect commercialization plans to be out?


No idea, no idea, no idea, and no idea.

Italy has been 'imminent' for some months, in regards to the on-shore Borsano permit I would expect news by around 26/11/09 as that is when the permit expires.

Reserve estimate for KN#1 is dependent on Aminex, the operator. I was expecting to have heard something before now, perhaps by the AGM?

Commercialisation of the Kiliwani North gas field can't progress until the JV partners are granted a Production Licence, that application is with the relevant government officials in Tanzania so is dependent on them to make a decision.