day 2, page-8

Still think its a bit of a bluff by CUE or MOG to get better terms. But in the end it may be a bit academic as MEO appear to be sitting on a royal flush.

They have committed to drilling the well this year (satisfying the MEO/MOG/CUE agreement), they have a farmin partner, they have been working at securing a rig for 2nd half of 2010 and they have the funds (courtesy of the CR) to go alone if need be.

Since the original purpose for the original C/M/M agreement was for MEO to drill a well this year, I'm not sure if one of the partners would have the capacity to "veto" the very act unless it was some sort of sham agreement.