Ann: Change of Director's Interest Notice , page-22

The gulf deal was changed from a commitment of *** many wells, to only one at a time. If they dont like it, then they have the option to leave the deal. Its on a well by well basis. Gulf can pick and select which wells they want to participate in, and which they dont. That to me is a bit of a worry, as the orginal deal was for a set amount of wells that mad pick. At anytime gulf can pull out of the deal