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Friday, November 14, 2014 2:33:23 AM
"Based on the reprocessed data completed September 2014, the targeted drilling locations have been mapped at various stratigraphic levels such as Birkhead, Namur and Hutton. These will be assessed in conjuction with the analogies from the adjacent Charo Field. Terra Nova has signed a letter of intent in October 2014 with Hunt Energy and Mineral Pty. with regard to a drilling service agreement. As a result, we expect to initiate the drilling program on PEL 444 during the first quarter of 2015."
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