From BWN MD&A ? The sale of Canaguaro is not done yet and the testing of the 2 new wells has not been done yet-wonder when Omega plans on doing this?
Subsequent to March 31, 2013, the Company announced that the sale of its private participating
interest in the Canaguaro Block for gross cash proceeds of US$6,000,000. The sale will provide the
Company with additional working capital and is anticipated to take place by mid-June 2013.
These two wells completed drilling operations in March 2013 and the Company believes that
the work commitments for the Block have been met. However, as at the date of this MD&A,
testing of the wells have not been completed and the Company does not have the
information necessary for it to make its option election under the amended agreement.