CG, suggest you read the SGY announcement of 29 May 2012.Agree...

CG, suggest you read the SGY announcement of 29 May 2012.

Agree it states that SGY reduced its exposure due to the "SUBSTANTIAL SIZE OF THE OIL RESERVOIRS identified and the future cost to appraise.

But

"Solimar will continue funding at its revised working interest level"
and
"Provides Solimar with funding through the two new wells that are currently being drilled or in completion"

My read is that while they have some carry on a couple of holes they are not free carried going forward to any great extent.

Let me know if you see it otherwise after having read the 29 May announcement.