Ann: Derby Block (EP 487) Update, page-14

WA has its own rules despite striebs well placed confidence in the Australian legal system. Nothing is certain, as bhutos says, however we all need to realise that even if OBL does not get what they want from SAT it does not give REY anything at all - they do not get on title. OBL has to sign any transfer that brings a party on and there is nothing to compel them to do so, in fact the Memoranda of Understanding with Backreef Oil allow OBL to initiate any farmout. Also they will continue to cash call and grind due payment out of Backreef Oil irrespective of the SAT outcome.