Ann: Company Update, page-45

It was a very short and sharp Zoom meeting. There were a few titbits in addition to what was in the announcement:
- the potential transaction was for the Blackspur assets. The plan was to distribute 80-90% of proceeds to shareholders (answering Access2020's question).
- the acquirers plan was to bundle up the Blackspur assets to reach a "critical mass" for TSX listing. This answered another common question about why we haven't listed on the TSX already - i.e. we are too small.
- Montney lands are secure until 2031 (with license extension) with holding costs below $1million a year.
- Mark Freeman also answered some quesitons regarding FCF projections, pointing out they were upgrades on previous estimates. More importantly, the estimate are post-capital expenditure. (I think James was talking about these issues previously).

Overall, the For Sale sign is up, but we are going to be patient. I came away thinking it is the right approach.