international petroleum, page-4

so I had to do some searching for info re International goldfields and found them listed on the NSX code IOP.

I found this re the deal with NKWE in their Co ANN prospectus 18/06/2010

"Background
The Company was admitted to the official list of ASX on 27 April 2006 with official
quotation of its Shares commencing on 2 May 2006.
While the Company has historically focused on the exploration and
development of its farm-in rights to the platinum project in the Bushveld region
of South Africa, known as the Tubatse Project, in October 2009 the Company
entered into an Asset Sale Agreement pursuant to which the Company agreed
to sell 100% of its rights, title and interest in the Tubatse Project. In accordance
with the terms of the Asset Sale Agreement, the Company has transferred a 5%
interest in the Tubatse Project to NKWE and received $10,000,000.
The Company?s remaining 10% interest in the Tubatse Project will be transferred
to NKWE in consideration for $50,000,000 within 30 days of the earlier of the grant
of mining rights in respect of the Project and Xstrata South Africa exercising its
option with NKWE such that Xstrata South Africa will acquire a 50% interest in the
land the subject of the Tubatse Project. There is no guarantee that either of
these events will occur.
In accordance with the terms of the Asset Sale Agreement, NKWE will be
responsible for paying all of the Company?s outgoings and expenditures on the
Tubatse Project as and from the date of the Asset Sale Agreement and
therefore, the Company has no further financial commitment to the Tubatse Project." continues..

100% of its rights was 15%...I believe.
It is repeatedly stated that NKWE has paid the initial 10m.


So I have noted that Genorah maynot have paid the 90cents for options approx 50mil? due Dec.2010

That could have paid for the $50m owed to IOP? Perhaps?
I havent read all the iop news from then till now and might have missed something.

I suppose these type of future possible commitments are in figures of reports but I am not that good at reading financial reports.

Please correct this post if details have changed or i have it wrong etc.