Ann: Operations Update, page-128

Yes lion64. I suppose there is probably some wording around who the operator would be in the event of a ‘wet gas’ discovery, which is what has been announced to date.. although in some of the Buru announcements there’s been mention of the possibilities of light oil.. We clearly need further testing to determine if there is oil, but origin are not allowing us to do the further testing. At the same time they have not assumed operator-ship of a ‘gas discovery’.. Maybe they are still not sold on the results even with the independent report..Whether it’s oil or gas, it should not really matter from a timing perspective as to when testing should take place. Both would be valuable to both companies if testing is successful. The delaying of testing or at the very least the 3d seismic makes no sense at this juncture unless there is something more afoot in my opinion. Who really knows though (aside from insiders in the co.)..