Well I guess that was an "interesting" announcement...

Well I guess that was an "interesting" announcement ??????

Ah.....now let me see. So SGY are now going to have "interests of between 50 to 70%".

Now if I figure this correctly the "70%" must apply to Jacalitos Nose South.
Because previously Jacalitos Nose South was evenly split between Nations petroleum (50%) and QPN (50%).
Now when you examine the chart of "prospects" you find that QPN's share of JN South is now down to 30%
Aha ! So if SGY has got 70% and 20% has come from QPN then the other 50% has come from.............Nations Petroleum.

Now have I got that right ? Is that the conclusion we are to draw from this latest information ?

And therefore, in the case of the Guijarral Hills prospect QPN still has its 20% and we know that QPN did a farm out deal with ????? ah now who was it .... was it Salinas Energy (Now NEN) who took 30%.
Therefore again SGY must have picked up the 50% from Nations Petroleum.

Well this must be Square Dancing Californian style. Nations did not remain as our partner in those prospects long !
Fascinating.

The biggest plus I guess is that the deal does seem to lessen the cash requirements from QPN for a while.

Hmmmm a bit to chew over here.
At least also there is a possible date for some action on GH........maybe.