pattos report, page-27

"The only way a CR will work, will be drilling Surprise, Surely theirs more than enough cash left to finish 1 hole, If its full of Oil like he says it is, Then i don't see a problem with a CR, at least it will be done at a higher SP.

IMO, A JV wont happen until he comes up with the goods,"

Jeftel - I'm sure they have enough for ONE well. However they have also stated in the past that this would be uneconomic , and one other poster here (probably quite rightly) pointed out here not long ago that no drilling company is going to take on the mobilisation costs just for S-1.

Be that as it may they probably would be unlikely to have the cash for all three ATM.

Much as I dislike the idea of a CR it may be the best , or indeed , only choice , assuming no ACCEPTABLE JV offer.

I dislike a CR all the more for selfish reasons as , being a purely options holder I look on aghast at these "free options" being bandied about.

Yeeks. I may just have to bight the bullet.

Last but not least - we crack just one out of this tricecta and all this will be ancient history and we'll all be screaming from the rooftops.

(Or jumping as the case may be)