In the news it said "Carnarvon and Finder Exploration Pty Ltd...

In the news it said "Carnarvon and Finder Exploration Pty Ltd will grant Apache an option to acquire a 40% interest in WA-436-P and WA-438-P (20% from Carnarvon and 20% from Finder), for a nominal consideration to be exercised on or before 3 July 2014."

The way I'm reading this is if Apache chose to exercise the option it is considered a farmout? If so then this will no longer be new news when the time comes for both Carnarvon and Finder plan on what to do with these two permits. But on hindsight it is comforting to know that If Apache do exercise the option Carnarvon will have 30% interest which is higher than the Phoenix South and Roc. The other unknown is when Apache do exercise the option how much cost would be free carried over for the two additional permits.

Guess this is a long term hold for many holders and wonder how many would be patient enough to see the rewards.