Third option is a no no. SN was a Cretaecious drill using a smaller, cheaper rig. They have spent from Jan to Sept waiting for release of this large rig from previous contract/s so they are going to use it for another Palaeozoic drill. Also the contract says they must complete at least 2 Palaeozoic drills by next August and 4 drills in all. Gulfsands have been trying to obtain another rig from somewhere.
Yes, I think Gulfsands will probably go elsewhere. There is site prep to consider, and a good long analysis of Tigris#1 results as you say and that is the way Emerald works in Colombia.
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