During the quarter, Rey received a withdrawal notice from Buru that it decided to withdraw from EP458 JOA. After
internal discussion and permit assessment, Rey is willing to take over Buru’s 60% interest in the permit. An assignment
agreement has been executed and an application for the transfer of the permit interest has been lodged with the
department. Rey currently holds 40% interest in EP458, once the transfer is completed Rey will hold 100% interest of
EP458.
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During the quarter, Rey received a withdrawal notice from Buru...
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