Ann: Quarterly Activities and Cashflow Report, page-362

here’s the deal from 11/09/19
fund 100% of 50km2 of 3D seismic over the Yarrow gas field in PRL17, up to a maximum gross cost of A$1.0 milliono Fund 100% of an appraisal well in the Yarrow gas field up to a maximum gross cost of A$3.0 million o Fund 100% of an appraisal well in the Flax oil and gas field in PRL14, up to a maximum gross costof A$5.0milliono Subject to satisfactory appraisal outcomes, initially fund 100% of any approved development of the fields, with Santos to be repaid for Red Sky’s share of such development expenditure out of Red Sky’s share in productiono The Farm Out Agreement, and the transfer of the 80% interest in the licenses, is conditional on a number of standard approvals including ministerial approval and licence registration