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After spud, page-22

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    lightbulb Created with Sketch. 5
    My understanding is that COP will takeover as operator on success.

    As the tight hole is a CNE undertaking, I doubt it will exist on COP's watch.

    IMHO - Tight hole policy = (code for) protect the smaller JV players in the lead up to proving up the resources to protect against a hostile and or early takeover.
 
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