darthraider and common sense - i like., page-5

just meant, i dont think i saw anyone dispell the fact that CTP can go drill by themselves.

My understanding is that CTP can go to the broadacre JV, propose what they want to do.. PXA can say no. CTP can then say, OK we will sole risk it.

From my understanding it just means CTP have to front all the cost. Which can be risky for sure as one day the money will run out. Way beter to spread the risk, have someone else pay for most of the drilling...

But if your JV wont budge, quickest way foward is to sole risk it. Which CTP has not done (note arbitration is about ROG joining, not about drilling)

I dont think CTP would be making a mistake by sole risk drilling on broadacre or even if they drilled on the non broadacre JV.

If they spend 30 mil on drilling now, and they are all dusters, then just means there is nothing out there. Which we will find out eventually one way or another... i would just rather its sooner rather than later.