Ann: Extension of Acquisition Settlement Terms, page-2

"This extension of the settlement will allow Bass to commence the next phase of development of the Bunian and Tangai fields without the need to raise additional capital. The Company plans by calendar year’s end to drill the Bunian 5 development well, upgrade the pump at the existing Bunian 1 production well, and install a pump at the Tangai 1 production well."

Good move in my opinion. Deffer the payments to avoid a capital rise. All development initiatives will be funded from cash flow. Good news flow over the next 6 months.

Additionally, another reason not mentioned may be the possibility of an acquisition also from cash flow in the mean time.

Exciting times.