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oilsleuth

04/21/12 8:18 PM

#25027 RE: BLACK G0LD #25019

BLACK GOLD

If NBD has been waiting for the second report they have left it rather late to proceed now with the impending expiration of the EL and no certainty of a renewal. However, MRT would likely be persuaded by a prompt transfer of $9.9 million into GSLM's bank account.

Oil Sleuth, it would seem to make sense to me at least, that NBD would be waiting on the most recent report. As you know, it gives a much higher percentage chance of Geological Success.