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Re: None

Thursday, 01/19/2017 4:58:53 PM

Thursday, January 19, 2017 4:58:53 PM

Post# of 361252
(1) This represents obligations under our PSC with Chad. The Company has a $15,000,000 commitment under a five year work program. Furthermore, the Company is contractually obligated to pay annual Surface Area Fees, estimated to be $16,360 per year during the Initial Exploration Period.