Ann: Bonita farmin not approved by Philippines DO, page-3

re: Ann: Bonita farmin not approved by Philip... Not sure if the below is accurate, but I don't believe Blade felt part of Bonita. What this latest change does do is allow Viking and Blade to takeover Bonita along with Philodrill.

So PKO and Venturoil miss out totally.

If Blade still have it in for PKO, then Blade can watch PKO simply run out of cash and be forced to do another CR say Sep / Oct. before announcing any finance approval with Viking.

That's of no benefit to Blade themself other than enjoyment.

What is of benefit to Blade is if PKO can't come up with the required funds. before spudding. That's some time off.

What will be interesting is if the Vikings Perth representative (ex Blade director) takes a fair and honourable stance. Note he possibly and probably still owes considerable holding in Blade.

I just see risk, Risk, RISK.

I think the old timers like Albers and the Blade senior personal along with the Viking Perth rep will work things out over a few beers. My deranged thoughts only.