Ann: Lockyer Deep Operational Update, page-149

Feral

im not saying they will extend, I’m just saying that they can. I’m also not sure they are embarrassed as they have added 50% of the business for a pre-drill price. I wish I could be that embarrassed.

last time I was confident that they would extend and I took advantage of the weakness at that time to load up again. Not so sure this time as the drilling is looming.

in answer to a new offer, yes they can after a defined time frame. I recall that the time frame is 6 months, but don’t quote me.

Cheers, AL