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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (6565)	5/21/2014 7:38:27 AM
From: Goose94	Read Replies (1) of 203421

Taipan Resources (TPN-V) May 21, '14 has resolved the default position on exploration block 1, Kenya, by paying to Afren PLC $3,566,377. By resolving the default, Taipan has restored its rights and entitlements to a 20-per-cent interest in block 1. As a result of the recently completed private placement financing, Taipan is fully financed for its participating interest in a first well to be drilled on block 1. Paul Logan, exploration manager for Taipan, commented: "We are extremely pleased to have sorted our issues on block 1. As we are once again receiving technical data on the block, it's extremely exciting to see the size and potential of the new drill targets that have been identified by Afren." Taipan has begun commissioning an independent National Instrument 51-101 report on block 1. The report should be available for release within 60 to 90 days.

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