The IMC alliance should be clarified within a couple of months, based on this excerpt taken from the KIK 2008 Financial Report:
FUTURE DEVELOPMENTS
The Company intends to continue its exploration programs on its existing oil and gas permits, and to acquire further suitable permits for exploration and development. Additionally, the Company intends to further strengthen its relationship with IMC through an exploration and field development alliance to be agreed by 1 December 2008 on mutually agreed principles.
The Company intends to farm down its interest in mineral properties and secure an industry partner to operate.
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