Interesting Rebel1, they indicate that the third party...

Interesting Rebel1, they indicate that the third party aquisition should be "August-December" per the last slide. Must be fairly advanced negotiations then.

If you are right on the getting the options exercised then they'll need to get this announced well before November 30, and it will need to be a great acquisition.

I must say that with all the money they have in the bank and the availability of rigs etc at the moment and the number of potentials these guys have they are taking their sweet time in exploring them.