I could be wrong but my interpretation is that 3d needs to be shot this year to fulfil our contractual obligations from prior period. The 2 x 2 year follow on periods are for drilling and exploration. After that there is probably development periods or relinquish the liscence.
Still time to shoot so we'll be hearing about a farm in sooner rather than later imo.
Ann: Quarterly Activities Report, page-207
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