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

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.