AEC Strategy ???, page-3

Still not certain whether a take over or an interest in the company

If it's a percentage interest it will then give a full value of the company

Before we knew of the new block 2011A we were thinking 8-10p Sterling fair value

But with the new block included could be 15-20p sterling ...more who knows ??

Certainly a long way from where we are currently

Note the Italian interests are in GBP, the Namibian assets are in GBP Namibia