looking for comment..., page-3

I agree....the door is still open for KNOC if they want it and it is here where they can get in IMHO...

I'm just concerned that as we get more and more delays the unknowns concern me.

I am currently assuming that Canmex can raise the capital it needs to actually complete their side of the deal through a placement that must be already in the works.

Based on the Canmex media release do they have four years to actually drill the four holes....I would hope it would happen much sooner than that!!

"The MOU has been signed with Range Resources Ltd. ("Range"), a public company listed on the Australian Stock Exchange. Canmex and Range are at arm's length. Pursuant to the MOU, Canmex has the right to acquire an 80% interest in the licenses and operatorship thereof in exchange for: (i) the financial commitment over an initial four year period of US$50 million in exploration expenditures; and (ii) the payment to Range of an additional US$3.5 million upon commencement of commercial production. Completion of the transactions contemplated in the MOU is conditional upon: (i) the successful completion of technical and legal due diligence by Canmex; (ii) negotiation and finalization of definitive binding agreements between Canmex and Range, including a Joint Operating Agreement and binding agreements among Canmex and Range and the Ministry of Energy of Puntland, including a Production Sharing Agreement; and (iii) all requisite governmental, regulatory and other consents including those required in Puntland and the Somali Republic."