It is a known fact that field operations were postponed until next year. Read MD & A:

MANAGEMENT’S DISCUSSION AND ANALYSIS

As for JV negotiations, definitely there’s a lack of information.

AUSTRALIA-Highlights for 2010

In February 2010, the Company commenced well site construction and service tendering exercises for the 2010 work program, with the intentions of commencing drilling and completion activities in July/August 2010. Abnormal rains and flooding throughout the Australian states of Northern Territories, Queensland and New South Wales had significant impact and caused the service companies to re-evaluate their ability to honor their commitment to perform the required contracted services and provide the equipment required for the 2010 drilling and completion activities. Based on this, the Company requested, and received in June 2010, notice from the Northern Territory of Australia Government, Department of Resources, that its 2010 work commitment obligation for EP 98 has been extended to December 31, 2011. During the first six months of 2010, activity has been limited to geological and geophysical analysis, engineering and analytical evaluations. The Company has submitted applications of approval to the Aboriginal Area Protection Agency and the Northern Land Council for indigenous cultural clearances of future well sites which includes heritage and environmental work that will allow the Company to enter the lands and perform work as required.

Future Operations

The Company‟s revised minimum work program obligations to retain all of the underlying Permits in the Beetaloo Basin, will be to expend $200,000, $10,100,000 and $5,000,000 during the years ending December 31, 2010, 2011 and 2012, respectively