I'd say that a farmin is almost a certainty. By the time we get paid for say 25% WI and a big chunk for back costs we would be well and truly funded for multiple wells IMO. All hinging on the PPSA getting done. Drilling BB1 means that they will have to get their skates on as BB1 lies in a flood plain. They would want to have completed drilling by end of October mid November IMO before the wet season hits. MK2 lets say 40 days BB1 25 plus shifting of ~ 20 days = 90 days which means at latest they would need to kick off around the start of August is my guess.
IVZ Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
