Occram,
I do stand corrected, ALCOA will have to spend their money. And land wells are so so much cheaper than off shore, I used 3 wells as an example. But you are right in saying TSV will have to find out how much they have spent.
On selling their main life blood......will this life blood not run out 10-20yrs(?) from now? If someone (Alcoa) offred 50% of total in ground value in 3yrs time I would take it and use that knowledge gained to buy other tight sandstone's in WA.
Also a deal might be made for ALCOA to spend another $100m and take 5% stake off TSV (numbers made up)....???
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