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

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    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.
 
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