Ann: Buru strengthens balance sheet with asset sale, page-8

We are an exploration company and oil and gas is found by acquiring permits and drilling, and we were free carried. There is however, the possibility that TN has had a good review of these permits and is not overly enamoured by them so took a quick $5 million now. Being near the coast , any new discoveries will face a lot of resistance by green groups and TO’s, so bottom line is that we can conserve funds, concentrate our efforts on Rafael development , and hopefully drill some Rafael lookalikes and any further success there will give us the diversity we will need.