Agree - additional production online will be important to start generating positive cash flows for deployment to future development (without having to go to market).
I'll have to reread their agreement with the JV on what that deal actually means in terms of costs deployed, increase in working interest and cost recovery. (Ie if say drill and pipe costs are 2.4m then what of that do we recover from production due to JV partner not funding).
I think based on their announced timelines will make 2019 H2 interesting. A second well with similar or greater recovery rates for oil would be nice but as always we shall see what emerges. Payback period is also what I'll be looking at.
Agree - additional production online will be important to start...
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