hitting the shoals, page-5

Meso, not following you.....?

* We are seeing increased supply (exploration areas) only requiring an offer and 90 day waiting period.
* our area is reduced, relinquished approx 4,000 sq KM's
* A commitment to acquire an additional 2000km of 2D seismic, reprocess 2000km of historic 2D seismic and to undertake certain geophysical and environmental studies in Exploration Period 2
* We are required to be drilling within 10 months in the Seychelles (has anyone booked the rig?)

Doesn't look pretty in terms of the value of our area (IMO). And where is the money coming from to get this off the ground? Farm in??? Potential farm in partners are in the box seat now, they can play chicken with us, wait until we miss our work requirements under Period 2 and then pick up the exploration area later, or sit and wait as the clock ticks down and drive a harder bargain...

For new players, they have to show they have the means to explore and exploit. Means they are only letting "whales" into the casino, but doesn't say anywhere that I am aware that they have to play with the high denomination chips.