Drilling Update, page-9

Paul sent me this yesterday:

We were expecting that BSP would sign the contract this week but there are some last minute programme content negotiations outstanding.
We are trying to sort this out and hope to do so this week.

You should note that we have received all cash funds from BSP under the MoU - $890k Tranche #1 placement, $500k loan to HK subsidiary and $1,2m is in our share placement account for Tranche #2.
End



I would be very surprised if it is not sorted by next Friday.