$8m market cap $3m cash and lots of blue sky, page-13

both that is true, but they have Bonita AND Cadlao to resolve.

Since RAI has backed down from legal proceedings, BLADE don't have to cough up anything$ in a hurry - they hold all the aces. I Certainly don't expect anymore than 6 mil cos that was BS peddled by RAI.

At a guess, BLADE won't pay anything direct to RAI, more likely give a credit towards VenturOil's share of drilling costs, still leaving RAI ~4 mil short, which BLADE will demand up front, or expect a JV termination with VenturOIL.

Remember, BLADE do not want OR need RAI for Cadlao, nor VenturOil for that matter - BLADE now have VIKING.

And Bonita, well, they RAI in denial, again.

Anyway, for me, South Block A is where it's at now, though in saying that this Albers money won't go far with these guys, won't surprise me if its spent before a drill gets struck.