Sterling say cash flow will increase by 400% in 2006

TSk,

Agreed, and SEY have high hopes for this area, as do Exxon Mobil.



Wen Tao.

Nobody here can advise you (legally) about SEY v HNR.

My thoughts are that due to SEY's free carry om Mauritania, and other prospects around the world, plus their GOM production, they are my preferred investment, as I see any potential downside as limited.

Hardman on the otherhand, are involved in a cost overrun at Chinguetti, so their potential reward has been lessenned, and their other prospects such as Gabon and the Faklands are someway off yet, particularly the Falklands, although the potential there is maasive.

In the short term I see SEY as having more upside potential, but if that is realised, I will top slice some into Hardman, to diversify the risk, and expand the exploration potential of my oil stocks. I already hold FOGL, Hardman's partner in the S.Atlantic, so I already have a stake there in case of any early discovery, but they are still looking for a deep water rig to commence srilling.