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Message: Re: San City.....Marum And San J V

May 08, 2008 04:41PM

Traps...I don't expect a deal with Golden Pockets....SGR and them have already had talks that ended in a stalemate because GP is looking for too many $$.

There have not been very good results from drilling on the JV property to-date. Now with the rich find on SGR's own property, SGR will have more than their hands full just getting that into production, and I would expect more drilling to be focused on better defining that area rather than the less-likely JV property. I have had higher hopes for MMU in regards to the JV property as I still hold a fair bit of MMU, but I am less optimistic about it than I used to be.

NLion


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