re: Ann: Letter Of Intent Executed for Pathfi... "Farmout makes this "reimbursement" equal to $3M. Really should be paid as cash up front - since they are buying actual assets (Wells 1&2 plus acreage)"
good point and agree. The cash reimbursement would have been great for the other projects to continue.
The Kentucky well recompletion program seems to have been completely forgotten, and that was guaranteed cashflow.
Ann: Letter Of Intent Executed for Pathfinder Far, page-31
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