With PRB out of the way all that remains is to do the same with fnc.

And seeing as this JV requires the Partners to Match Funding (though the amount of funding is unspecified), I expect the next Consolidation JV will Reqiure the same.

This Implie s that NOT isperfering to have others spend cash on relevant close by Properties NOT wants to have control over with out giving up their Dominent Land Position. Thus, now we need to learn of a similar JV with FNC.

And given that Mac at FWR is continusously postponing the drilling of the so called Bulls Eye NOT JV, for me, now Implies that he is cooperating with NOT's Negociations with PRB and next with FNC. Why? Cause, if FWR Drills Up Something (ANYTHING!) of Significance on the "Bulls Eye" the cost of getting the PRB and FNC JV's in place would have increased very significantly.

So, now that PRB is out of the way, and hopefully FNC very soon (using the same template as with PRB), all that remains is for FWR to Drill the "Bulls Eye" and then HAMMER OUT a Consolidation Deal with NOT.

Wishing for a long HOT SUMMER (as opposed to last summer's rather wet reality - literally as well as figuratively) and many Hot Drill Bits at work!

Old Joe