IF, Otto was/is refused SC55 reassignment the DOE WOULD have a harder task for promoting investment in the Pines.
Investing in new OIL and Gas prospects is expensive enough without having a Company like OTTO being turned down despite it's proven large investments and track record in the Pines.
Prospective investors are looking for the most attractive prospects and such action by the Pines may seem unattractive for new business.
Added to that, new owners of SC55 would then have to start from scratch and/or purchase the Seismic from Otto, which could be worth around $100m.
Refusal of SC55 to Otto could seriously undermine Otto's confidence in the Pines and may result in retracting from any further investment there, with any available funds going elsewhere possibly the EARS.
Time will tell, and common sense should prevail with Hawkeye being drilled by Otto in the shortest possible time frame.
IMO DYOR
Ann: Investor Presentation , page-22
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