• Kepis & Pobe Financial Group (KPFG) is acquiring 20% in the Welchau Farmin Area in return for funding 50% of the cost of the exploration well (EUR3.8 mm gross). • KPFG has also the option to acquire a further 20% in the Farmin Area in return for funding a further 50% of the cost of the well (100% in total). KPFG will pay EUR0.1 mm for the option. • In addition to the farm-in funding, KPFG will pay EUR0.23 mm for back costs. • The parties will also review the potential for the appraisal of the ....