Ann: Exploration permit status granted offshore I, page-31

re: Ann: Exploration permit status granted of... It is a tricky one, but if KEY are cheesed at not being in control then I guess offloading Tz gives them the opportunity to retain more of a hold on Italy. It has been a tough trot.

Personally not too fussed to see us sell Tz, but I can see the logic and would not complain.

The other thing to remember is there have been several occurrences where the Tz President or Ministers have gone to Ras Al Khaimah and have met RAK Gas amongst others (fyi.. RAK is one Emirate that makes up the United Arab Emirates).

Could our partner be one of the things holding us back (for their gain)...? Sounds like they dont play neatly; as KEY naming them is a big call.

I liked this quarterly most of all as it was a pretty straight call all round.. all the facts and no bs..

It looks like they will be short of cash, but this is not a big issue as not much needed. A small SPP would get up pretty easy.

Considering their options kick in Nov there is an incentive..

Market will see this as a positive imho.