You said, "I can only presume this means that they are not having any luck with the Great Divide partnership attempts at the present time.

I really think that they have something on the table… Insiders are constantly buying shares since September. It looks like they know that something is going on and they are quietly accumulating shares.

IMO the recent market condition has just push back the deal a little bit. It’s still a risky market so investors are cautious.

However, I predict a Chinese Takeover instead of a JV during the first half of 2012. I don’t think that a company would be willing to invest $800m (24000 bbd Capital Cost) for a partnership with a company that worth $150m.

IMO Gusella looks for a buyer more than a Partnership. Publically announced Joint Venture = We’re looking for a buyer.