You are bang on, Strato; The one very good possibility is that someone will come in for 10% of one or more of the plays. This differs greatly from the idea of a takeout, as there would be conditions attached, such as a right of first refusal. If a major played it that way they could , for instance do a financing with FWR for 10%, have a right of first refusal, then start discussions with NOT or SPQ or both. In that scenario though we would know what was going on and the SP would react accordingly. This is a very good possibility though and we should keep an eye out for it.

I don't think there is any danger of them picking up 10%, then doing a deal with whatever big players are here as you described. Those big players would not be any more willing than us to do a quick deal and give their stock away. Why would they?

This was a very good discussion today. Nobody got out of hand and there were some very interesting posts. Actually the forum has been noticeably short of bashers or naysayers for some time now. I even strayed over to the other place a couple of days ago and things are relatively clean there too. Good show

Regards

K