As I understand it the Hawk land requires a well by January 1, 2014. The Bayswater deal requires a 2nd by May 31, 2013. My question is then has Murray Rogers got himself time wise in a corner with commitments that are unlikely to be met in time to hold the main Zodiac lands?

If that's the case then ZEX is in a balancing act where the risk is greater, because of all the lost tme, than expected at the time the deals were made. Roger's comments about Bayswater "cooperating" sound like whistling in the dark if Bayswater can reclaim their interest.

What do others think?