Ann: Binding farmout agreement signed for Block 9, page-19

yes it is a bind - depends a bit i suppose on how much $$ they need in next 6 months - could they risk it - i like the idea of Purcell guarantor - that would solve all problems very neatly, bit i assume MAY still pays 15% to creditor - cost of business - wish i could get 15% interest!! cheers

looks at any rate i will be collecting the 12 months capital holding tax relief when i finally sell these suckers as it is going to be sept/oct/nov this year for any drilling action, and possible some actiont from Beehive 3D seismic target ann and then opt in from JV partners if they do - so at least a few events on horizon to keep one in.