bravo,here are some idle thoughts for what they are worth.the...

bravo,

here are some idle thoughts for what they are worth.

the most obvious is that they need to place 10+% of stock with someone that is friendly but if they did that now they would raise a mere $4 million but obviously thats a short term pain for the longer term gain of realising your potential.

they could also farmout another 20% to a friendly for $x and also place 10+% of stock with them. that will reduce your costs, give you protection and leave you with control at 60%. you could also have an agreement that in 2 years you will farmout another 20% to this entity at the market value prevailing at the time which will be an insentive to be friendly for at least 2 years.

im sure there are other ways.

one thing is for sure, i dont want BG to become operator.

cheers