Does this essentially mean that the third party can get the interest in the "North Block" acreage if they help pay first to drill the "South Block" acreage? Any idea who this third party is?

HAYNESVILLE CARRY AND EARNING AGREEMENT

St. Mary has entered into a CEA with a third party that relates only to the Haynesville and Bossier intervals located on roughly 32,000 net acres in East Texas. The agreement allows the third party to earn 95% of St. Mary's interest in approximately 8,400 net acres in Shelby County, Texas (the "North Block") and 5% of St. Mary's interest in approximately 23,400 net acres in Shelby and San Augustine Counties, Texas (the "South Block"). In exchange the Company will be carried in roughly $87 million in drilling and completion costs for horizontal wells planned for the South Block. St. Mary will be the operator of wells drilled on the South Block. Once St. Mary has completed the expenditure of the carry amount, the two parties will share all costs on the affected lands in accordance with their respective ownership interests. St. Mary's acreage position in the Haynesville shale, adjusted for the CEA, is roughly 32,300 net acres.

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