operations and market update., page-8

bart17 I think this is a great ann actually.I have never come across this well before ? " Spirit of America " and these words from the ann tell me it is something new because the proposal was only put to the prospective partners last week.

"The formal proposal to participate was issued to our partners last week, and they still have the remainder of the 30 day notice period in which to elect into the well."

The 2 appraisal wells were locked in months ago and again,the 2nd well does not go ahead unless the 1st comes up trumps.