There is no contract signed for 1 well. Only and MOU.
How do you suppose Exalo could commit to a second well without a guarantee it will be drilled. Scott told me that the drilling companies wanted a 2 well program and were not keen on coming for 1 well. How does IVZ commit to a second well without owning the land its to be drilled in to?
IVZ need to get their shite together.
Get lease extension inked.
PSA inked
Rig contract for 2 wells inked
Resource estimate for a well we are committing to without a single clue what's in it.
Just way way too many lose ends for my liking and the market will penalize us for it.
I will shut my cake hole if the second well targets more than 2 TCF though.
Rgds Big K.
Add to My Watchlist
What is My Watchlist?
