aex presentation, page-11

It's not really a matter of changing tack to sail in safer waters. It's more a case of business acumen, exploration costs are reportedly dropping in East Africa so why spend $5m now when in 6 months time it might cost $4m or $4.5m?

Also, in regards to Nyuni, why drill KN#2 without first conducting seismic and analysing the seismic to work out where best to drill next?

At the moment they are waiting for the expansion of the Songas plant so that production from KN#1 can commence. By the time expansion is completed we will have a much better idea of just how much gas is contained in the Kiliwani North field, and indications suggest that it will be a very nice number indeed, massive in fact. ;-)

Once the size of the field is better determined, they be able to enter serious negotiations for sales contracts.