This is how I read it: 1) The terms of the Farmin agreement are...

This is how I read it:

1) The terms of the Farmin agreement are changing from the original and are not finalized.

2) The new terms 'may' be that the "Joint Venture Participants" (Asset+Bounty+RL) will all fund the 2D (But doesn't say what the split is, or how much RL will earn).

3) The 3D component is now split into 2 parts. Again details are sparse, but Part 1 is defined by a dollar value not by a technical deliverable ($300k) which is presumably all they can afford. Part 2 is vague and undefined but has been estimated as $5M-8M and is depending on them raising the money. $300k would only be enough for desktop work, not field work. If this is all that is done, this could add another 1-2 years before actual 3D acquisition, and 2-3 years more until drilling.



AAAAAAAARRRRRGGGGGGG!