on review...

This appears to be a terrific deal.
When all is said and done, $2m worth of shares would get swallowed up pretty quickly on the market.

I find it unlikely that the shares will hit the market very quickly though.

This appears to be a pretty reasonable deal all round, very wise to whack in the 12 month trading lock on shares and options too.

One obvious issue for vendor was the requirement for drilling in the next few months... This deal lets vendors keep a good finger in the pie via both CMR and KOG, whilst exposing KOG to upside action quite quickly.

This bit is interesting..
"Kilgore is in discussions with a number of parties who have industry leading expertise in CSG and conventional gas exploration and commercialisation to lead the exploration program."
That narrows down the group very quickly... I read that as a JV partner.. who could that be?

This bit also interesting...
"On discovery of a significant CSG resource the Project would have numerous development/exit options available to it given the existing and planned infrastructure in close proximity to the Project."

Cool, so if a bundle of $$ can be made quick lets grab it.. put the players on notice..

I reckon this could get very interesting very quickly...