RE:Don DemarcoWhen you blow 100M+ on Block 10 and it all goes down the drain, 1-2M for a dozen PhDs is a drop in the bucket. Now that the oil production sharing agreement is over, what happens to that segment? Any more writedowns coming?
>>.With the expiration of its sole production sharing contract and the absence of new development drilling, Sherritt has not provided any production, unit costs or capital spend guidance for its Oil and Gas business unit for the balance of the year due to limited near-term visibility. Sherritt continues its efforts to secure an earn-in partner for drilling and exploration activities for its concessions on Block 10 and Block 6A. Sherritt is not contemplating any further investments in drilling or exploration activities without first securing an earn-in partner.