Ann: Letter Of Intent Executed for Pathfinder Far, page-15

re: Ann: Letter Of Intent Executed for Pathfi... I call it like I see it gassed. If you want a guarantee put your money in the bank. This is not a bad deal for AKK, and as I said in an earlier post, if the sequencing of all this had been different, we'd be having a different discussion.

Re asset sales, agreed. Flick Cooper tomorrow. Its non-core, unaffordable given current commitment timeline and cash position, and would probably cover any SPP shortfall. I'd also like to see some rationalisation of the lower-performing wells. Number one priority however has to be getting PF1 steady state production oil and gas, and we got a big step closer today. Then sort B3 which should now return to focus as Pathfinder expenditure is covered by the FO (if ratified). Which reminds me, under this deal we get a bonus Hz do we not, as previously only two wells were planned, correct me if I'm wrong here.

A GSA right about now would be nice too.