Ann: Annual Report 2010 , page-4

Hi Katandra

Farming out the Gippsland prospects is hard work and that's one of the reasons MOG ventured to offshore WA.
Refer MOG's Independent Experts Report 27-11-2009, page 99.

I believe BAS will eventually farmout a Gippsland permit but wouldn't be holding just for that. As we know, it can take another 12 months from initial farmout deal to spud, once all approvals are sorted and a rig becomes available.
Therefore, there will be plenty of time to get set.

For me to stay interested, Windemere seismic results really have to prove up a legitimate target and reconfirm (or upgrade) the initial resource estimate.
Once (If) that happens, then hopefully the lead time on a rig is not too long.