pre-open, page-10

OK by me as long as they only meditate until they can persuade someone else to spend the hard dollars.

We are after all paying for these guys to meditate regardless - either on blocks we've acquired, or on blocks we are chasing.

Perhaps they can find a new angle somewhere in a fairly large block, large for the smallish targets I expect they were chasing. Apache were certainly once making good money from sub mmmbbl discoveries in the shallow water close to the island. Dont need to find much in those shallow waters to pay for some meditation.

I wouldnt attribute any value, but I might subtract some risk from the cash, on account if they can keep their minds occupied on inexpensive stuff like this they are less at risk of blowing the cash, imho.

Still holding, 10.5 was starting to look promising, but still not enough. Better imho to take the risk of the RLD unless well into the double digits. At nine I can only see a cent or two downside (after an initial dip lower).

EL

EL