Ann: Matuku-1 Weekly Progress Report No. 5 , page-22

Steve

You're spot on! that's explain why they shoot the 400km2 3D seismic at Kaka

Here's a snapshot ...

Permit granted 19-Nov 2009
Extension of Duration (Exploration) granted 15-Nov-2013

60 Months :

Stage 1b
Key Committed - 3(b) either: (i) notify the chief executive in writing of the permit holder?s commitment to carry out the additional seismic acquisition identified in condition 4(b) below; and (ii) relinquish 25% of the original permit area; or (iii) relinquish 50% of the original permit ...

Stage 1b - Key Committed - 3(a) acquire and process a minimum of 310 square kilometres of 3D seismic data;