just look at it as our own permit guys.we are the operator, no...

just look at it as our own permit guys.

we are the operator, no different to what we are doing with all our other drills the only difference is we a giving raw 20% and keeping 80% of anything we find to let us drill it.

looks like there focus is on oil isn't that what everyone has been screaming for them to do, this an should be taken as positive and i figure rawsons block tie in nicely with ours as rays has demonstrated above.

atleast they are focusing on early monetization and oil you all should be glad.

as for concentrating on our own permits and farmins, point given, but with everything else not our oil blocks better to drill find then bring in a jv or partner.
could you imagine giving away 80% of johnstone(500mill barrels potential) for a measly few million drilling costs i don't think so, maybe that's the way you should be looking at it, raws the one with the raw deal here not us but considering they don't have the cash and we do than they should be happy with 20% free carry.

oil you want than oil we are going for.