incorrect the second on either license is 40%paying interest for second well!
"Xstate will
fund 40% of the Anshof well drilling expenditure up to a cap EUR 1,800,000 million (EUR 720,000) to
earn a 20% equity interest in the Anshof Prospect Area. Xstate may elect to fund40% of a second
well on Anshof or the Anshof Farmin Area to earn a 20% interest in the entire Anshof Farmin Area
(Second Well Funding)."
Ann: ADX:European Industry Partner MND to fund Anshof Oil Program, page-19
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