We are on the same wavelength Baraka, I was going to post the same point. The 2 new farmed in permits are not far from our 5 permits and the targets appear to have similar lithology. The wells being drilled could be like a test run of our fully owned permits. I also initially interpreted the headline to mean that PBR had farmed into our permits and that is still a strong possibility.
If these wells come up as you say, u'd have to think that this will make the market focus more on our owned adjacent 5 permits and could provide an opportunity for early cash flow. I do wonder tho if this makes a CR more likely.
ANZ
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