re: Ann: Roundhouse Prospect Initial Test Rea... At the...

re: Ann: Roundhouse Prospect Initial Test Rea... At the companies agm at end of May,they intended to retain a 25% working interest in the 199 acre quintella drill site,whilst keeping a 72.3%-96.4%wi in the remaining 3490 acres.

Either the negotiations have been more difficult than expected,therefore reducing their w/i in the initial well and the overall remaining acreage.

Or,they have opted for a free carry in the first well, reducing their overall equity in the play.

best of luck to all.