wag time, page-17

Some fair points there Asteroider.

For mine I'd prefer no share issue. They have the cash for the Lidsey #2Hz well, the normalised cash burn rate has reduced with the cashflow from the UK assets. Hopefully the current quarter expenses aren't as high with Aminex coming to Australia for the results of the seismic processing.

I see no reason to offload Suriname, from what I've read from the company it seems like it is barely on the radar thus it's not much of a hassle and the fact that there are additional wells planned for later this year suggests that the prospects are good.

The main thing at the moment is to get the cash for drilling in Tanzania, 20% of any drilling in the Nyuni block and 50% for West Songo Songo.

Ultimately the need for a capital raising hinges on how soon the Lidsey #2Hz well can be drilled and how successful the well is, remember that all the infrastructure is already in place so any success will flow almost immediately through to cash.

If Lidsey #2Hz is a big success and the market likes the KN#1 reserves estimate then the management options may wind up in the money which may see $2.5 million cash raised without any further raisings.