ok! BC responded to my question regarding why/what MEO got for giving up 20%. My interpretation, and I do not want to be quoted on anything, is that Meo still has 55% of #2, and gave up 20% in order to get more wells drilled in a shorter time frame with less financial burden on all partners.

That is it in a nutshell. I can live with that. Instead of 55% of #3, they have 35% of 3, 4, & 5, paying less out of MEO's coffers, and one only needs to look at how quick 3 & 4 got started to see this appears the better way to go forward.

Godd fortune to us all,

SunSeeker