Ann: MINE: NZO: Raisama withdraws from Kakapo Far, page-3

re: Ann: MINE: NZO: Raisama withdraws from Ka... I won't really comment about RAI, one can go to their thread and have a read there. I'll just say, it's possible RAI have other fiscal concerns and commitments.

"Chief executive Andrew Knight says New Zealand Oil & Gas continues to seek further farm-in partners and a drilling rig on suitable terms. "New Zealand Oil & Gas believes the Kakapo prospect looks attractive as part of a portfolio of opportunities," he said."

I upgraded my holdings at the time on Kakapo prospect quite a while back. I can't say I've enjoyed their timeliness on this prospect at all.

If they keep to the Ann. from last year, we may hear more about this in March/April as I think March was the end of the six month period in which it was intended to announce a drilling schedule.

PPP would be fine by me, as would anyone else at this point. I thought RAI had a pretty good deal in this, perhaps I was wrong, but in any case, it is no longer applicable.

In the mean time we have Sumatra to focus on, as you said it's good to see NZO drilling new prospects again, even at 22.5%.