announcement, page-8

From yesterday’s Response to ASX Aware Letter, CR states:

"The existence of the potential override claim was notified to the market in March 2011 when the acquisition of the Permian leases was announced to the market."

Can anyone find any clear information about the Chalk Sea claim which was announced in March 2011 ??

All I can find is this ambiguous little snippet:

From 4 Mar 2011

GGP ACQUIRES 8,806 ACRE LEASEHOLD IN PERMIAN BASIN, TEXAS

Transaction Details

GGP has purchased the 8,806 acre leasehold position for 196,000,000 listed ordinary fully paid shares (Share Component) in GGP along with a payment of US$2.2 million. An initial US$500,000 deposit was paid in 2010 and the remaining balance of US$1.7 million paid at closing. There is over 2 years remaining on the initial leases which are paid in full through their term.

The Purchase Agreement for the leasehold provides certain protections or indemnities by AKW from legal actions or overriding royalty interests which remain outstanding at closing.