Dont get too excited yet.


  • On or before Dec. 1, 2013, Saturn and Vector will evaluate exploration results of the properties and mutually decide to pursue one of two options:



  • (a) Saturn will transfer the properties entirely into Vector in consideration for a 90-per-cent equity interest in Vector. Vector's 5-per-cent carried interest will be converted into a 10-per-cent equity interest in Vector to be held by the Vector team, provided that Vector pays to Saturn 5 per cent of the exploration expenses incurred by Saturn on the properties from Dec. 1, 2012, to the date of the transfer.