Quarterly Activities Report, page-141

I am not talking about a buy back which costs capital, I am talking about a consolidation that DOES
cost money. Having gone through one myself in another company the legal and consultancy fees are enormous! So yes there are costs associated with consolidation and I do not think now is the time to do it given that we have just raised capital.

I think a more appropriate time to consolidate would be after DOC and after initial Capital Raises - if we can consolidate with proven reserves while having the ability to borrow / access money then we will be in a much better position imo (dyor).

I am more curious as to why we suddenly need such a huge amount of money for only 2-3 wells. I think the money might be going to other activities (Djiffere Farm Out) ?

Ele.