announcement coming, page-25

Who ever is thumbing down Scottport needs to realise that he has a point. The thing is, the loan probably won't be for millions, but rather, thousands. Alot of the costs for this will be covered through their insurance policies. Furthermore, just because you are liable for a monetary value doesn't mean that you will necessarily be out of pocket for that amount. Remember that the board has an obligation to give us the worst case scenario so that shareholders have closure and therefore the quoted 3.7million is the absolute most the company expects to have to pay if the most costly scenario unfolds. I believe the underwriter may get a stake in the well through GGE, but only for a small amount (5% of GGE's 40% perhaps?).