Agree with you on that Mr H.
Given the timing issue, if there is a farmin, it will now almost certainly need to include a firm drilling commitment (following the 3D). I am optimistic that the huge recent discoveries and the sense that this is a new oil province will be enough to justify such a risked investment at this time based on 2D-only. On this basis, they will have a bit more time up their sleeve to complete a deal. They will need to negotiate all this in parallel with the Ministry. This would be a good position as it almost guarantees drilling (not 100%), however, a greater-risk investment will see a lower offer (ie lower retained equity). Of course this can all be offset by back-ending with discovery bonuses etc...
FYI, I'm planning on holding and watching this unfold.
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Agree with you on that Mr H.Given the timing issue, if there is...
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