Ann: Letter of Intent for $100m Northern Territory Farmout to AEP, page-28

Its a great deal except they have us by the Balls.
Armour have effectively given up control for 250 grand per quarter.
What a great deal for AEP. They can sit back and see which pipeline route is chosen.
Those who believe where the pipeline goes in, "doesn't matter"
are kidding themselves. This is a company worth 20Mill so a 800Mill pipeline running through
our tenements is going to improve our profit margins one day heaps.

If it all goes ahead we are all going to be very very happy, AEP seem like a good crowd
to be jumping into bed with, i also like the fact they giving us a loan which will help avoid further dilution.
Just wish it was all binding......... good luck to all.