Ann: Investor Update , page-2

timing is slipping it seems. FID & approvals still to be reached, after which they will award contracts.

First oil now estimated for 1Q 2012, but seems dependant on rig availablility, according to the ann. If a rig isn't available, schedule may slip further.

No word on the FSO arrangement as yet. will it be like the Tindalo 10 month lease contract at $250k/d?

If they pull this off and produce at 10,000 bopd net to RAI, the Mkt Cap should rise considerably.

But the question is, how long will the 10,000 bopd (net) last for?