quiet, page-2

who knows with BHP at present..

company says it will be completed sale by years end.

don't hold your breath that BHP go through with purchase.

BEZAHA OIL PROJECT, MADAGASCAR: The Company has the right to earn up to an 80%
interest in the Project subject to certain conditions. The interest acquired is
in Concession Block 3114, an approx. 10,160km2 onshore block highly prospective
for oil and gas. The Block is located in the prolific Morondava Oil Basin in
Southern Madagascar. The Company's independent technical experts have reported
that Block 3114 has significant potential for the discovery of large light oil
and gas accumulations. As a result of the settlement of the transaction, the
Company s technical advisors have commenced planning a 2-d seismic campaign. It
is anticipated that mobilisation work will commence in July and seismic
acquisition will commence in August 2012.

the above will be a priority for 2013. you might see another oil acquisition.

it's high on my watclist..buy at the right time.

..