Petaquilla Minerals Ltd PTQMF

RE: Clarus Nearly Gone

[ajootian]

Rock, here's the questions I just shot over there, let's see if they have the guts to answer any of these:

1)Is the closing of the Iberian transaction still expected to occur thismonth, as stated in your PR of April 26th?  If not, what this currentexpectation as to when the closing will occur, what steps still need tohappen to get that done, and could you give us some color on why thistransaction is apparently going to take longer to close than initiallythought?

2)  What is the company-wide cap ex budget for Fiscal '12, ideallybroken out by exploration vs. development costs if possible.  How muchof said budget is expected to be spent prior to the heap leach operationbeing commissioned?

3)  Why is gold production quarterly run rate for the entire year offiscal '12 (30,000 ozs. using the company's midpoint of guidance)expected to be less than what such production is expected to be for 1Qof fiscal '12 (36,000 ozs. using guidance midpoint).  Given that theheap leach operation is expected to add substantially to productioncapacity it would seem reasonable to expect that the quarterly run rateof fiscal '12 production would exceed what is produced during 1Q.

4)  Several prior quarters' operations have apparently been severelyhampered by harsh weather (rains, etc.) in Panama.  How has the weatherthere been lately?  Has the company taken any steps to put operationsinto a position where they are not so severely affected by the weather?Should we expect to see future operations significantly impacted byharsh weather, and if so, are there any quarters in which this is morelikely to occur than it would be for other quarters?