Doesn't say whether a portion comes out of One Gas 20% or it's all from our 80%. Drilling looks like it will happen in May/June.
Cluff are a good name in the industry, headquartered in UK and been around since the 1970's at least. They won't have any trouble raising the capital and will likely attract other investors to IVZ based on their involvement.
We keep at least 57% and operator status. This looks like a decent deal.
@Davy Boy you were right.
Ann: Farm in Option Agreement for a 2-well Campaign, page-9
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