Ann: Cliff Head Oil Export - Second Oil Delivery Revenue Received, page-17

Update for Team TEG and Team TPD.
Re: Seismic update L7/437
Recent meeting/discussions with TEG management I have had indicate that our update with seismic due by EOM will more than likely be delayed until early/mid March at this stage. Subject to change should things fall into place faster than expected.
Due primarily to bedding down of final Legals with minor clauses on NZGO partnership L7/437.
Also significant work continues on Seismic interpretation for L7/437. This is by no means a quick and easy job to be completed
The Team want it right..
As most here would be aware all Partners must be satisfied and agree on what is presented on L7/437 moving forward for benefit of TEG, TPD and NZGO SH's, This means Legals must be completely signed off.

Having the finest Technical quality and caliber of Conrad Todd.(TEG) and Darren Ferdinando (TPD) heading and leading us into the expectations and eventually drilling of L7/437 means we will all be given the very best of chance in drilling success in our Prime Turf of PB.
Drilling is soon to start MIN/NWE very near our permits again and will mean our joint acreage if given further drilling success will only become more valuable make NO mistake.
I think a bit more patience in regards the seismic update should be well rewarded for us.

All above IMHO as always DYOR.
GO TEG
GO TPD