west kampur news, page-3

Draft letter sigining assumes that the approval should be forthcoming .

OEX has not made any ann regarding SPE and Pendalian - so it is always difficult to gauge what is actually happening here.

At last report, we understood that we won arbitration against SPE for an amount of approx $4.5M and this is still yet to be paid.

In addition OEX was lookoing to increases its stake in the JV as a direct result.

Would love to hear from OEX as to what this actually means for us and when/if we are likely to share in te spoils.