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24/11/10
19:08
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My questions (can't make it to AGM unfortunatley)...
FP
-Are they still planning to use the same pad as FP1 for FP2? or have they decided on a new site?
-How far from the salt dome are they planning to drill to avoid same problems as FP1?
-Who else is producing from this side of the dome? (we know its prolific on the other side). What flow rates are they getting?
-What expertise are they bringing in to ensure there is limited risk in salt damage of new well?
-Ballpark costs of drilling FP2? How do they plan to fund it?
- Is the board considering farm out options of FP (say 20%)in exchange for drilling costs?
- Is GGP as operator the only option or as the majority holder of acreage can VIL appoint a new operator? Do they want to?
- What do they really think they've got at the bottom of the hole i.e the "tremendous" potential find?
- Timing???
Lots of questions sorry. I don't expect answers to all of these. I still have more questions on the other interests as well!
Cheers
Maddoc
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