"Part J/V 50% WI in PB and 50/50 split in drill costs?"
If they want 50% they would have to come to the table with a lot of cash or a lot of free carried wells or both. But once a JV is settled most end up paying there % of the well costs.
There are so many variables that it beggers the mind. Its even possible we could retain 100% WI if we found a backer and then enter into a long term contract with a drilling Company. That would be my choice.
A funding provider could solve some of the problems that might arise from the legal issue as they could lend based on the value of a percentage of the land that we would own if the legal issue went against us.
We will just have to wait
Cheers Whisky
GGP Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
