Asteroider, apologies about the bluntness, but is this your...

Asteroider, apologies about the bluntness, but is this your first investment? As it seems from some of your responses as if you have never invested before.

Its not rocket science, Vitol will cover the first $50m of gross capex, will will give them the 65% of RIA's 85%. Then they have an additional $70m which will be shared expense. The IC will pay the 5% I believe as that was their original cost %.

I know and have said in the past, that Vitol took advantage of RIA but they will not even be gere if that did not happen, so I guess its a bit bitter sweet, but we are where we are.

The board have taken that on, and as the board should, will take a look at other opportunities.

I would think that as the remaining costs for Gazelle are development, that they may be able to access debt markets for their component of the costs which I think are around $23m.

I would like to see the breakdown of the capex, as they were previously talking about 3 producing wells in the Gazelle development with 2 already drilled and just needing re-entry so only drilling 1 well. I thought that this was fairly close to shore, so thought that pipelines would be fairly cheap but would be interested n seeing the breakdown of the capex as I think $120m seems a bit high.