re: lion after entek Ian, one further point. LIO are going to be...

re: lion after entek Ian, one further point. LIO are going to be left with 4M Entek shares, that's is an $800K asset. If the Entek thing gets away at 20 cents, and LIO needs more cash to keep up the Oseil capex (heaven help us if they do), well they have left behind another $800K to help poor old LIO along, hopefully may stop any further dilutions for a while.

I remember quite a while back in a discussion on LIO that the production costs at Oseil would be cheaper than US$15 a barrel once Phase 2 is under way. If LIO can eke it out until then, well it could well be worth more thanthe 0.3 you are suggesting.

And yes, at that point they will consolidate for sure, and perhaps try to mop up some more unmarketable parcels again.