Ann: Quarterly Activities Report & Cashflow, page-39

Absolutely correct, all particular details of any commercial negotiation would be commercial-in-confidence. However, the comment in the Investor Presentation AGM April 2019: "farm-out discussions continue toadvance towards close, final due diligence and approvals underway.", which I would construe as: all the "issues on the Issues List" have been agreed upon, approvals pending, and formalities, such as execution of the agreement, require attention, in a nutshell the deal will happen, unless there has been willful deception, or provision of misleading information/data. However, this is inconsistent with the more recent Recent Report and Cash flow Activities, comment: "Subject to the negotiation of terms and conditions, the Conventional portfolio farm-out deal ...", I would construe the comment to mean the negotiation of terms and conditions, "issues on the Issues List", are in the initial stages. Which one is it???