On top of all that there is the consideration that if this is good options will all be paid out giving the company about 9 million dollars enough to keep everything feasible with no need for a jv or cap raise till after next 2 conventional wells are drilled.
Especially since the state of Alaska will be all over this and throwing money for quick development of the field if it is looking feasible.
Just thoughts anyway would like to hear others opinions
Ann: Operations Update - Project Icewine, page-206
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