Global has a 20% equity in L5 and L7 with 40% being held by Woodside Energy (Kenya) Pty Ltd which is the operator, the other 40% being held by UK based Dana Petroleum (E&P)Limited. The costs associated with Global's 20% holding are covered for all activities through the drilling and testing of two wells.
Woodside has yet to notify Global of its position in regard to L10 although this is expected shortly.
In regard to L11, Woodside has until late 2005 to notify Global of its intentions.
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