question, page-20

To put it in simple laymans terms one could imagine its spread very thinly at the moment..they have probably got 70 leases and have simply tried to put a well on each to stake their claim..as they get funds they will increase the number of wells on each holding thus increasing production.
The above is somewhat simplified but that is how I understand the progress and if they do not use it they lose it...that is why they are selling, because it is a premium price and there is too much for them to develop.
How could that occur?
Well they know that they have so much work to do and can not expand their business and exploration quickly enough to develop their wells in time before the leases expire..ie it may take them 10 years to build up and develop them all whereas the leases may all expire within 5 years if not developed.