I'd agree with Stockrocker here... I'd say JV on Merlinleigh... would explain delay on Mobalisation of Rig which was ready to go a month ago is not onsitie ... If JV partner is wanting to be on board "before" drill starts they must be kean.... If well successful and JV signed afterwards then JV would cost the partner a packet more ....
So Reckon its a JV and reckon it will be a massive vote of Confidence in the prospect that they have come on board and that they "inked" it before the Spud...
Anyway ... lets see the ann 1st before counting our chooks...
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