Visegrip:

Good post. "Tang. I can see where, amalgamation would serve Mr. Nemis in the negotiations with the majors. But we are not yet at a stage where the area has been proven out."

The term "amalgamation" can mean many things and I think RN already has the best amalgamation strategy through JVs. The drilling risks in order "to prove out" the area are shared.

As far as I'm concerned the RN strategy suits the retail investor to a "T". I have met the man; I've listened to his strategy; I've chatted directly with Neil Novak who is a brilliant geologist, and who is RN's right-hand man.

Finally, as noted by another post, Nemis-Novak-Watson-Smeenk and other McFaulds' CEOs know each other well, and work well together. To my humble way of thinking, this is the best "amalgamation" of all. Great things are ahead!

Snug