moving along, page-4

With drilling in Tz deferred til 2010, delays with Italy and cash in the bank this looks like a good move.

The Nyuni seismic will quantify the KN1 reserves and firm up other prospects within the Nyuni block. So their exploration credentials are proven.

Then with this UK purchase they have the ability to prove their production credentials.

With their current projects they have sufficient funds to take them into 2010 without the need for further capital.