good to see runing,but still be cautious, page-7

I still hold some BCC & will top up when the time is right.
What BCC would do to get USD80m in the bank! That is the differentiating factor for the medium term.

Now there is still plenty of exploration risk in Goshen and in Hawks (all 144,000 acres of it). . . but that is for the future. The frequency of dusters may be higher than at the Stockyard play B U T the big players believe it is a risk worth taking.

For now, my focus is on the medium term and those emerging recommendations to the 15c mark or there abouts.

IPAD. The deal is already binding. For it to fall though now, the buyer would IMHO need to demonstrate that they were substantially mislead by SSN and/or SSN fails to deliver leasehold on the USD61m component of the deal. If that highly unlikely scenario were to unfold, there are OTHER BIDDERS who put envelopes in the box and NEW BIDDERS sniffing around the Goshen niobarra play.

I don't believe that the low administrative risk (as it is at the moment) is anything like the exploration risk that BCC has at CI or that VIL has at Bongo (& still has at FP).

cheers