the bat cave, page-18

Slide 8 indicates that the strategy for 2008/09 was:

- Commercialisation of Kiliwani North
- Expansion of business in Italy
- Seek further opportunities for wealth creation

Looks like 2008/09 was a failure with them achieving just one out their three targets with the UK purchase.

Slide 9 they state:

The company’s management have been actively pursuing acquisitions throughout the year however the company’s management are not always able to discuss these things openly due to confidentiality agreements which have to be entered into. These can restrict what can be said publically.

Not always??? Besides Namibia and the UK when have they discussed anything other than very vague statements about looking at other acquisitions?

Still no mention of the concerns over the Borsano block or progress on the offshore Italian applications that were "imminent" how many months ago?