RE:Centennial Based on a couple of nice holes last year, drilling heavy around Apollo should be a priority. I just don't think Heliostar can do it on it's own without continously doing PP's, but not at $0.25 as it will dilute the share price, well unless they hit pay dirt.
Drilling is expensive and transporting drilling equipment in and out of Unga after each drilling program makes it even more expensive.
A larger company with deep pockets can drill more cost efficiently, have a drill program lasting 8 months and drill more holes. The amount of holes a bigger company drills in an 8 month season would amount to 3 to 4 times greater than the amount of holes HSTR drills in one drill program. Making the average cost per hole drilled considerably less for a larger company as they would only have to ship a drill rig once to get the same amount of core. (or not at all if they outright own the drill rig.
HSTR has the ideal property, but the only thing that is holding HSTR back is money, something they don't have.
If there is a JV offer to take over the project in the $1,00 to $1.40 per share range they should take it.