interesting buying again, page-24

re: safe as houses... Trade4,

The flip side is that Bula is reasonably cash-positive, and between it and Oseil they get a nice increase in cash each month.

Oseil alone covers their admin costs, but it doesnt allow them to pay for a drill somewhere each couple of months.

Nope, if they sell, it'll mean a cash return to shareholders. I actually wouldnt be surprised to see Lion asset-stripped completely - sell Bula and the rig to whoever, sell their 2.5% of Oseil to Kufpec, and then give all the money back to shareholders.

Ian Whitchurch