You are correct. From memory GGP have bought them out. From page 13 of the annual:
"(f ) On 7 January 2010 the Company issued 16,000,000 shares at an issue price of 3.5 cents as the equity consideration for the purchase of an additional 9% working interest in the Bullseye prospect."
That was from Modena. Not sure if they still hold any WI or not. No longer a holder. So lost touch with exact details.
