The Annual Report futher states:"The Party was granted an...

The Annual Report futher states:

"The Party was granted an exclusive 60 day period to finalise its due diligence reivew and complete and execute farm-out and associated agreements."

The most critical part being:

"This exclusivity period was extended by an additional 30 days on 5 September 2011".

Biggles - looks like your telephone discussion with the company's "receptionist" was on the money. Good on you for reporting this the other day.

And yes Boysy1 - I think we all agree with you that this was an important point that required some kind of announcement to the market at the time (ie. material disclosure).

In any case, given that the techincal due diligence was completed and only the legal part to be done. I am still confident in the farmin-out deal going ahead to completion. Legal stuff always takes time and as previously mentioned the other party does not feel rushed given the market turmoil over the past few weeks.

Good luck all