count down to farm in news.., page-12

lvs nice work.

NOTE
and we plan to update the market on the status of the farm out and the proposal under consideration in December of 2011."


'' the proposal [ PROPOSALS plural to my ear ] under consideration in December of 2011."''

from this quote it infers that there is offers to JV ,and the company is looking at going to a short list of JV partners.

now possible scenario

define JV partner/partners.................... end JAN
negotiate and agree terms..................... end feb
JV partner/ partners,due diligence,legals.. .. end MARCH

APRIL announce JV partner /partners and work program.

while we wait for this SHELL may announce PALTA drill schedule.rework the existing 2D info for adjoining block as required by the work flow for permit.

the wild card east african venture.

the building of a strong financial shareholders register.


the lads are very busy.very proactive.

wg