Morgan Stanley update

[petrengr1]

Thanks Pet. So in your opinion we could begin to see monetization from Triceratops not long after we begin seeing monetization from Gulf LNG?

No, I think it will be 3 or 4 years before we see a "sell down" of Triceratops. Of course the company could be bought out sooner than that and we will not have to worry about it.

[Getitrt2]

I think there is a mistake in the report, here is what the CC says: ["on January 9, 2012, Pacific Rubiales Energy paid a third cash payment of $20 million under the advanced payment facility. Closure on the next $56 million is expected in the coming days, upon completion of all conditions preset."] That is, IOC already got the third $20M installment and they are expecting the remaining $56M to arrive soon ("coming days". It's a small error, but anyway.

No mistake on that, admin.  Reread.