At this point they have to be praying for Tullow to hit. If they do, that reservoir is 1.1B barrels of oil which our 25% stake would be $10.75 as per management. What are the odds that they hit? I would think 10% would be a fair risk (I think I remember that from one of the Pescod letters) well, then our fair price then would be $1.07. I am not sure about you guys but my impression is this is a huge buy at 30 cents as we should gravitate to at least 50 cents by July when results are near. Also, we have 90 days to pay that $20M. If they hit, that $20M will not be an issue at all!

G.