Ann: OEL: Winx-1 Drilling Update, page-307

Cash,

On the Western leases, yes. It's sealed in a binding agreement.

"the “Consortium Partners”, is pleased to advise that it has executed a binding term sheet agreement with Great Bear Petroleum Ventures II LLC (“Great Bear” to acquire the majority of Great Bear’s working interest in the four leases comprising the Western Blocks (ADL
391718; ADL 391719; ADL 391720; ADL 391721)."

While Great Bear/now Pantheon are the operator, us Consortium Partners hold the bulk of the working interest. Deal is done. We are/still partners.

Cheers