re: Ann: Bullseye Prospect Sale of 8% Working... Well that is...

re: Ann: Bullseye Prospect Sale of 8% Working... Well that is what they are indicating.

But another way of looking at it is that perhaps Daiwa were attracted to doing a deal by the prospect of what might be available from J #2 from the Cib Haz layer.

So they were prepared to pay US$1.5 for 8% knowing there was already production from J#1 and a potential from J #2.

If J #2 is successful then they will plonk another .5 million in.

So essentially they are paying US$2 million for an 8% stake in Bullseye.