Ann: Cleansing Statement and Appendix 3B , page-27

Morebull,

I agree GGP is the primo of the bunch and possibly GGE is where GGP was a few years ago but they have cash in the bank somewhere in the $5-6 mill mark.

VIL on the other hand IMO is broke, hanging onto SD to save them really is a shot in the dark.

You have to admit paying large $ for small % with nothing really to show for it does not give one confidence in VIL. I am really not happy to be a partner with them.

I am half expecting that GGE may take on a partnership at Silverwood. Last info from SG was that an updip there was being considered. IMO its worth another drill due to its history being over-pressured.

However you have to look at the farm-in with NV to get a picture of what might be offered to a smaller partner.

Many possibilities spring to mind and a Major oiler IMO would make GGP look more legitimate in some eyes.