I beleive that this well is part of the permit commitment and...

I beleive that this well is part of the permit commitment and has to be drilled by next June. Also I think they have had an extension granted already so they will probably lose the permit if they can't drill by then....

They have been actively marketing this one for farmout for quite a while without any apparent success....

I remember a year ago Ted mentionning that they were close to a farmout deal, that he was confident....

One year later, oil at US66, still no farmout deal....

Still a lot of Seismic to shoot before generating propsects ready to drill... other than Matamata....