I guess Rayrac has answered your question re. asset sales, Olive.
"Ascent Resources plc ("Ascent") has entered into an agreement with Hardman Resources Ltd ("Hardman") to acquire two wholly owned subsidiaries, Gabon Investments (Iris Marin) Pty Ltd and Gabon Investments (Themis Marin) Pty Ltd.
These companies hold a 12.86% Participating Interest in the Iris Marin Production Sharing Contract ("PSC") and in the Themis Marin Production Sharing Contract respectively."
Fusion (now Sterling Energy), the operator was supposed to drill one or two wells in 2004Q4.
Never happened.
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positive points from today's corporate file, page-13
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