IORY,
What blow outs??? Are you privy to info??? Make it known!
Working Interest:
A percentage of ownership in an oil and gas lease granting its owner the right to explore, drill and produce oil and gas from a tract of property. Working interest owners are obligated to pay a corresponding percentage of the cost of leasing, drilling, producing and operating a well or unit. After royalties are paid, the working interest also entitles its owner to share in production revenues with other working interest owners, based on the percentage of working interest owned.
GGP have 20% Working interest in FP. GGP have stated in all their announcements that dry drill cost is approx $1m. The words "free carried" do not appear on any GGP announcements or presentation!!!
IORY help educate me, show me where it states VIL is responsible for the full amount and substantiate your claim to the so called 'Blow Outs'
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