I think this is terrific news.
NDO made an absolute hash of Tindaloo.Cost us a fortune and Joanne (i forget surname) her job. We had no idea of what we were doing in the limestone reservoir and the contacts we made were disastrous. But the oil is still there.
having 17% of a free carry for 3 wells in known accumulations is a good result. Viking must think they know how to attack the formations and get the oil out.
I'd also like to know what 'preferential portion of payments" mean. We may have had to give away more than what is stated.
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