Yep risk mgmt as described ... Spreads the cost, also more expertise and opinions available ...In fact, they're are very few wells by O&G Minors that are not JV'ed in Oil/gas... However the fact that NSE were willing to go it along speaks volumes about their confidence ... but they also always wanted a JV partner ...
... A "long shot" on the Transaction could be farm in by a major ... I know about 12 months ago BHP expressed an interest in taking out or taking a major stake in a Jnr in the unconventional O&G sector in OZ, Canning basin .... But always suspected it to be Buru...Never heard any more....as I said an extreme longshot.
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