Ann: Tap Sells 25% of WA-351-P to Japan Australia, page-11

re: Ann: Tap Sells 25% of WA-351-P to Japan A... Nice deal TAP ! MIMI will acquire the 25% participating interest for a cash consideration of US$30,154,000. After
costs relating to the transaction, Tap expects to net $26 million in cash from the sale. In addition,
MIMI will pay Tap?s 20% share of the next exploration well in the permit up to a cap of US$10
million (Tap share).