It is certain that XCD principal players have strong belief that...

It is certain that XCD principal players have strong belief that commercial oil will be found on their land.
And taking into account a few successful Drills close to XCD proposed Drill positions.
Plus evidence from prior 2D Seismic data. Geologists will have their evidence, it is their job.

I think DW will deploy a 3D Seismic over the region quickly following XCD Merger Completion.
Then send results off for computer processing. This all needs money, maybe US$2m.
Suggesting a CR sometime in Autumn following 'great news' on rest of Charlie-1 Lab results.

If the XCD 3D Seismic / Computer Processing results are good, a DataRoom will be set up.
AND tender for Conventional FO commenced.

My gut feel is, there will be a few interested parties for a similar contract to PMO on Charlie-1.
XCD were after a Double Borehole Drill Programme. Their oil is not too deep.
Timescale for this sequence of events? Someone make informed guess please.

Depending on Global Issues with virus and crude oil price, a larger Oil Production company in the Alaska Region could be interested.
Phrontist