get on b4 its to late!, page-10

Sounds correct Wink

I was thinking that they would farm down Madura to 30%.

But considering the extra 10% Fairbridge they recently took to 38% (from 28%) - it seems management are not shy to hold on to or farm into prospects they see as lucurative.

If Fairbridge or one of the other Basin drills came good, they probably would sit with the 45%.

But the first Madura drill is likely shortly AFTER those drills.

So management must be deciding whether to sit with the 45% or farmout...... obviously depends on how confident they are of the Madura drill.. the cost is considerable and it may be the cautious approach to farmdown to 30% ?