chorbane permit, page-10

How's this for a scenario, ADX and Gulfsands know they have struck oil at Chorbane and announce that they have struck mud.
ADX extends it's permit at Chorbane for three years.
VIL and XST relinquish their 10% interests to ADX and Gulfsands.
ADX drops a hole near Sidi Dahar, and what a surprise.... they announce a 30 mtr strike of oil AND a column of oil under that
(of at least 50 mtrs).
Too bad VIL and XST didn't stick around, nevermind that's what you get for announcing drill progress before the operator!
ADX holder.