Depending on the duration of the farm out
process, drilling activity is planned for 2013.
APF will seek to farm out
this drilling and Millennium will have an opportunity to participate in these farm outs
It is the Company's intention to maximise shareholder value by the sequential farm out
of parcels of land.
OTT), Has negotiated the farm out
of 2 continuous leases (from Integrated Oil and Gas of UYMG) with CGM Energy LLC; Greenville Texas.
OTT), and their consulting firms have entered into a farm out
agreement to begin work to establish production on a group of contiguous leases in Navarro County.