Just trying to put some pieces togetherThis N/R was last year, there partner is highly respected in Mexico, now they have N/R 'd a future partnership with a drilling company in Mexico that MAY put in another 2 to 5 million into the company, also may be tide to the bottom of the N/R posted below, and latest news that Pemex and all the big departments are meeting right now on okaying the 100 out of the 137 contracts this month, rights were raised to keep the insiders percentage up as the outstanding 2/3 of the total were all scooped up. So IDESA is our backer of the 100 million requirement The minimum balance sheet requirementfor participating in Round 3.2is US$100 million. These blockscollectively cover 9,513 km2with prospective resources of approximately 260 million barrels of oil equivalent (boe)including wet and dry gas, and light oil. IDESA to Become a Strategic Investor in IFR IFR has entered into a share option agreement (the "Option") with its JV partner, IDESA. The Option givesIFR the right to acquire a 100% stake in Tonalliby acquiring, through its wholly owned subsidiary, the outstanding shares of Tonalli held by IDESA prior to the expiry date of September 25, 2020. The Option aligns IFR and IDESA's long-term strategy to build IFR into an energy leader in Mexico.Upon exercise of the Option: The agreement will consolidate all cashflow and reserves into IFRIDESA will have the right to nominate two directors to IFR's board of directors with anongoing right to nominate 25% of the board seatsas a major shareholder of IFR; and,IDESA will subscribe for a minimum CDN$1 million of IFR sharespursuant to the future private placement.IFR is in the Data room