Ann: New joint participation group for MR Olmos p, page-24

re: Ann: New joint participation group for MR... I definitely agree, it would be nuts to try a CR at the moment. Even if it could be successful, which it probably wouldn't, it would be at about 2c. If the first well is successful it would be much easier to do and at a multiple of 2c.

Funding in the early stages will be a challenge either way, which concerns me a little as this team seems better at drilling than dealing. Still, the drilling is the most important bit.