We're both in the same boat here - it certainly looks positive to me - ICN is free carried in this drilling program until CLK's costs reach $6.5mil so I'd say we'll be OK for at least the first two wells.
Interesting to read in the HZN announcement that the potential of this first well is 1.8mil barrels of oil(ie 342k to ICN)
ICN's potential revenue is $US20mil from this first well assuming $60 oil.
As they're drilling updip from previous/current productive wells, the risk should be on the low side.
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