Venezuela is specifically NOT involved in the efforts of the Primary Agreement, and I believe that is wise. They do come in as the last step before signing a final agreement for a JV.

4. Conditions Precedent to Closing of the Transactions Contemplated by the A&FAgreement

(b)...........Venezuela shall have issued the "Permit to Impact Natural Resources"

Now Venezuela IS in the game, in the bottom of the ninth.

I for one cannot believe that KRY/CRRC, with all the talent and resources available, has not finalized everything necessary for a successful JV Agreement. And timing is not the problem. They can take whatever time they need.

In two places, once re: Shareholders meeting by August 30 2010, and again re: Termination, July 31, 2010, the Agreement states "or at such later date as mutually agreed".

I believe everything that is needed to move forward is in place except.........the Permit. It is like having a shiny new car sitting there waiting for you, and NO KEY!

It is now all about Venezuela, and there is nothing any of us can do about it but wait.

Why?? Left field. When?? I don't know, and he's on third. Smile! AD