hotazel, hotwikipav,
surely the option exists to sell down a % of our 15% to either Cne or Conoco Philiips,
or both,to cover the cost overruns,
or depending on the outcome of the 2 wells it may
be possible to reduce our % in one of the wells or negotiate a royalty.
if the partners decide to drill a further well our present capital wont cover the costs
so monetising the outcome in some way is definitely on the horizon.IMO.
curious as to why you feel linking up with CNE is not a good idea, other than overruns ?
just thinking out loud
thanks in advance
macgee
cne, page-55
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