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Gremlin9999

10/16/14 12:47 PM

#291614 RE: Southern Man #291611

Right here from the 10Q.

During the First Additional Exploration Period of Two (2) Contract Years: Minimum Work and Expenditure Obligations to:
· Acquire 750 km2 high density of 3D seismic data (at a minimum cost of US $ 30,000,000), or
· Drill one (1) well to a minimum depth of 3,000 m (at a minimum cost of US $30,000,000)