Ann: Trading Halt, page-57

Very hard to tell on this scale Phillip_k. It is a pity that a table with more details on the drilling sites/collars, i.e. Co-ordinates are not included in proposed programmes. I've always maintained that the drafting quality of the SGQ maps and presentations need refinement. I suspect the holes would be testing 100% owned SGQ tenements at this stage of exploration, unless there are commitments for SGQ to spend a certain amount of their budget in the Joint venture tenement areas. I also imagine, if that is the case, John Prineas would apportion the expenditure from geophysical surveys etc to meet the expenditure commitments in the WSA agreements. Drilling in the jointly owned ELs can come later. At least that is how I would play it if I was Chairman of SGQ.

Cheers,
Helmenesh