No problems samfiodiving - Like you, trying to put post on HC...

No problems samfiodiving - Like you, trying to put post on HC and trying to put together potentials on meeting and worth of management. No intent of being negative intended.

I read the same ANN of 05/06/2013 and it said nothing about approval of timelines.

With that said I disagree with your statement "So if the Govt had agreed on the terms of the farmin that would include the timeline".

In general initial meetings like this I would expect approval of farmin partner on the terms related to ownership change and allowing the proposed Farminee to continue with internal Due Diligence before proceeding to final agreement.

On completion of their Due Diligence the farmin said in the ANN on 12/06/13 “The potential farminee has notified the Company that it is withdrawing from any further negotiations at this time as it has been unable to formalize its Board approval. The original proposal was valued between $50 and $60m and was considered by the Company to be a fair reflection of the value the Company had placed on the Seychelles acreage. The potential farminee had noted that timing issues on the proposed Seychelles farmin work commitments needing to compete with its large portfolio of global developments for funding at this time.”

Thanks for you post. I hope this make my post clearer.

Bob