perhaps the best summary of past and present history on PEL 87 Ive read. Certainly worth a read for anyone just coming into this.
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Just out of interest, did anyone ask what "free carried" (in terms of the WDS farmout agreement) really means?
- Does it cover the cost to drill, plug and abandon?
- Does it cover well testing? DSTs etc,
- and/or in the event of a discovery, does it cover the cost to install the production casing and well head?
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