Ann: Matuku-1 Well Spuds , page-5

You will see that Matuku is tucked right up in the corner of PEP51906. From old seismic it appears that there has to be a good bet that there may be further structure across the boundary in the top corner of PEP53537. Probably, that recent 2D seismic would have been looking at this and the good news for OXX is that they hold 65% of 53537. Therefore have to expect that if Matuku comes in that there will be sell down of the 65% stake on some very good terms.