Ann: Quarterly Activities Report , page-11

Gassed,my thoughts are, Beach will not be in any hurry to t/o ICN because they have Encounter to frac, 5 fact finding holes to drill all in 218 which will give them a better understanding of what they are dealing with resource wish. Really bpt have their hands full with 218 and all results will not be shown to icn , they will be kept in the dark with bpt hoping to hood wink icn again.BPT i believe will hang icn out to dry cause they know cash is going to be an issue and no other company will take on icon to take a junior position to bpt and be told what to do.Icn is under bpts thumb already. Who would want 626, you couldnt give that lot away and all the other crap they have.They may be valuable in RJs eyes but his opinions on things are turning out to be worthless or wrong day by day, his credibility is shot to bits in my eyes.
I can see where you are coming from gassed, why prove up 855 for ICN for BPT then to have to pay more if bpt wants to t/o icon,my thoughts are it will be later rather than sooner.cheers.