"zzzzzz", page-25

imo, there is no point doing a GTEOB Entitlement if the Spasskaya project is not ready for exploration

please keep in mind, a GTEOB Entitlement can be done, retrospectively, for GTEOA holders at 28/2/13

if & when the Spasskaya project is ready, then, imo, GTE can assess their funding requirements & consider whether they want to slot a GTEOB issue into their funding forecasts

the last time, it is obvious they expected to be drilling & that GTEOA would be exercised when required

imo, the same considerations remain valid

good luck