jv in the wings, page-4

Marion have breached their lease agreement and have failed to plug and abandon numerous wells, and failed to prove that Clear Creek wells are financially viable.
Marion Dont have the time or the money anymore to fix it.
So the old trick here is a change the operator of the Lease.
Keeps the department at bay for another few years, and delays P&A costs.
If I was a greedy director I would sell Clear Creek to ODY. Get ODY to raise funds to buy a majority shareholding in MAE and ODY becomes Lease Operator.
Interesting times ahead. Shareholders could easily get screwed in this farm out deal and the necessary change of unit operator.