Ann: Appendix 3B , page-13

Hi Reichman,
I was only theorizing.
Like Wyoming, they knew they were on a pretty big resource, even though they had only drilled a small % and had some historical data to work on. They started buying up extra ground there before they proved up the resource further. So why not the same for Karoo basin?
They know, based on what they have in hand, that the potential is worth buying up before other players muscle in or the land price goes up too much.
As I say, it is just some thoughts while waiting for an announcement. If it is anything like Lance the initial JORC may be on the low side and built upon over time.
cheers