"AEC previously earned a 50% working interest in EP 127 and EP 128 pursuant to a farmin agreement ("Farmin Agreement") dated May 21, 2010 with Baraka Petroleum Pty. Ltd. ("Baraka").
On November 3, 2010, AEC entered into an amendment to its Farmin Agreement with Baraka, allowing AEC to satisfy its drilling obligations therein by drilling a horizontal well into the basal Arthur Creek Shale zone, rather than the previously agreed provision, which required AEC to drill a vertical well 20 metres into the pre-Arthur Creek zone (Thorntonia Formation). "
I do not remember reading this or they are only doing a vertical instead of Hori. --------------------------
Good question Ghardnose:
"So in a nut shell the acual land, who owns what? who owns what title deeds."
Thanks for any comments
BKP Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
