Free ride? I doubt it. We probably have to pay our share (8-13% per well) of the well cost $3.6million.
However the Balder-1 had a 30Day IP of 800+ compared to 90osh for AOK verticals. So our share of production is similar for approx 60% of the cost.
Probably more valuable is the education.
Also booked reserves will get a good kick along at minimal cost. I assume since the land is shared on our lease, then positive results can be assigned to us for SEC reserve calculations.
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