just some bullet point notes , page-4

Good summary PP and thank you for sharing.

On the GRES balance requirement, i think i recall rosy saying that wasn't required until year 2. In theory AWD will be producing (or bust) by then so its a moot point really. That being the case 3m euros are available for mobilising the rig as soon as the funds hit the bank, which as you say, coould be in the next few days. A small point, just wanted to clarify.

I like your theory on the syndicate allocating the 2m deposit to buying AWD shares. Did you ask Mr Muir if this is in fact the case? If not ill follow up with him later today.

Those options are looking very attractive at this point. Cant ignore them any longer. :)