bazzard2?, page-3

Hello Benomoff

I was thinking through your post. The Angolans have, or will, suspend the issue of oil permits until there is an improvement in the oil price (Incidently the signature bonus in Angola used to be US$10 million, I don't know what is is now) and I sense that STU will walk away from Bazzard 2. With small, but seeming assured, cash flow STU seem undervalued so I bought some more shares today.

I do not have a feeling for management, all I know is that they do not answer emails. But they seem reasonably competant.

Do you have a feeling for the quality of managment of STU, their previous experience and whether they are right and proper people or just out to make a quid for themselves?