re: Ann: OBL: Transfer of 7.5% Interest of VI... ""4 Previously,...

re: Ann: OBL: Transfer of 7.5% Interest of VI... ""4 Previously, OBL, in order to earn its full legal and beneficial participation rights in Vic P/41, was required to
make minimum payments prior to exploration drilling of $1.65 million to MOG (25% interest in Vic P/41) and
$2.44 million to Strategic Energy Resources Ltd (ASX: SER) (25% interest in Vic P/41). In regards to MOG’s
stake, the amount required was renegotiated to nil.""

http://www.oilbasins.com.au/Oil%20Basins%20Ltd%20-%20%2030%20March%202012.pdf

Is OBL still obligated to pay SER $2.44mil prior to any exploration drilling at VicP41 ?

If yes, that might imply something is afoot. If nil consideration, as per the OBL/MOG transaction, then it suggests VicP41 remains a longshot.