joint venture, page-3

CXO own 100% of the Roxby project, and not as your post suggest`s.
A joint venture with a cashed up partner IS the way to go !, as the drilling here will need some dollars thrown at it, to do it right.
The thing about a project like this is a lot of people are expecting this to be ventured with a company that has some clought.
This Venture if received well, will put the company in a good position to raise funds for there other projects.
If we look at a cap raise as adding value,through exploration,and there is success,the stock price of this company will be many multiples of what it is now.

Happy to kick in, as I want to see these projects drilled.