Ron.Otto is going very well with cashflow from sm71 of about...

Ron.Otto is going very well with cashflow from sm71 of about $4.2 mill this month but it is all about how it spends the money .I think Otto almost had no choice with Alaska as they have already invested $10 mill plus and I suggest the required drilling timelines were starting to get tight.To me GB appeared to do well from this deal as they get $1 mill US cash ,a free carry of 10 percent and they can acquire a further 10 percent working interest prior to the spud of the initial test well by paying its pro rata share of all costs of the initial test well or if exercised within 6 months of completing the initial test well by paying 200 percent of its pro rata share of all costs of the initial test well (this seems very cheap to me )