12,000 acres at nsa, page-14

I can confirm the acreage at Edison and NSA are new additions as they have not featured in any previous presentations including the very latest which is less than a month old.

I expect we should hear more soon.

We have had additional acreage near NSA including Brinan and East San Ardo but these were tiny compared to the 12,000 acres now being shown.

They have stated for some time they have a new venture programme in CA looking for an asset(s) that would bring in circa 25MB. I guess this could be part of that programme.

They have also dropped off the Tejon lease area. Our holding was small so this may have formed part of the acreage rationalisation they have also mentioned.