Risk that's a good summary of the main points.

What really leaves me wondering is why do the deal with Blackrock?

• There was enough formation information to go ahead with the three shallow wells,
• JB#2 was drilled underbalanced,
• JB#1 had been tested over a 2 day period at 800 bbls per day - @ $100/bbl is $80,000 per day - $2.4 million/mth. So there was a source of cash to drill more wells.