Ann: 2012 Annual Report , page-7

Even if Blade are moving slow with knowledge Raisama are low on funds, there is still Oct, Nov Dec and then into next year before any spudding is done.

So time is well within arbitration decision making time.

The biggest threat to the sp is the need to raise funds, but the only fund raising is the need for 8- 10 mil to pay Venturoil, before spudding, and around $7 mil should in worst case come from Blade.
NZ funding is not needed until 2013 so that does not seem urgent.

Can other posters think of other factors or situations that could cause the Raisama sp to drop ???