John - FYI

This is an excerpt from the Amended JV Agreement between KWG/SPQ/FWR released Sept.14. It outlines the operatorship of the JV in the coming years.

http://www.kwgresources.com/news/2009/index.php?&content_id=190

"The Amended Option Agreement further provides that KWG and Spider will alternate as operator of the McFaulds joint venture project for one-year terms, until March 31, 2012, with Spider acting as initial operator until March 31, 2010. The three parties will decide on the operator for the period after March 31, 2012 by way of majority vote."

So it looks like KWG will be the operator beginning April 1, 2010 with Spider resuming as operator April 1, 2011

SRV