The quarterly report raises quite a few questions:- Who bought...

The quarterly report raises quite a few questions:
- Who bought the 40M shares? They will become the #1 shareholder.
- The % interest in the new Mullholland Ranch area is not final (50% up to 100%)
- AZZ have 75% interest in the Edwards area. Do they still hold only 50% of the EFS in this area?
- The term assignment to Petrohawk has been extended to 8,558 acres (still no mention of AZZ% after payback) 50%?

They were obviously running a little low on cash - cash at bank (including $10M cap raising) = $11M : )

I now see when the Austock report referred to the Petrohawk term assignment as the "deep area" what they were talking about (page 5)

We obviously acquired the seismic over the Mullholland Ranch area previously.

Will be interested to see whether the suspension is lifted tomorrow.........still seems to be some negotiations underway.

We should have some results from D457 soon and FD2 testing is sure to begin shortly.

Regards,
Whippet