Ann: Armour Energy Exercises Farmin Rights to PRL, page-2

re: Ann: Armour Energy Exercises Farmin Right... Well this is an interesting announcement, key feature is that ajq can back out without any costs and that the main terms will probably be renegotiated in ajqs favor.

Hopefully this deal reflects the confidence of management to get a joint venture going.

I have a feeling by end of Jan we may see a JV or farmin announced. Completely unsubstantiated, but a few things management have said and this deal makes me feel that is not much more than a month away.