I note they state exploration well...singular.
I think its probably likely they will only farm down for 1 well and retain a bigger WI. Shows confidence IMO.
If you were truly confident you would farm down for 1 well and if it makes a discovery raise cash an pay for drilling yourself and keep as big a WI as possible as it gives you options when looking to develop.
Low SOI are the key component here.
If a discovery was made then dilution would be very small for $$ raised.
Forward to the Farm In, page-147
-
- There are more pages in this discussion • 1,505 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
