There seems to be a lot of theories and thesis about the farmout deal and how much it will cost both short and long term etc. We have 3 permit areas at this stage and this could grow even further, and hopefully it will! What we have with the three existing licenses is around 13 wells to be drilled and proven up. We need to start producing economic wells to: A) satisfy existing MOU's. B) produce enough gas in the very near term for the Pilot 50MW & 12MW Gas to power projects. C) Produce enough Gas to be able to supply "Gas to Power" for a 1 GW + Power Station with a proven estimated output to feed the 1 GW + Power Plant for around 20yrs. Once we are at this point then we can offload the farmout partner and be able to drill on our own in a sustainable fashion to supply for export and other possible commercial contracts. If and when we become more economic in the drilling arena the greater command for better rates on supply agreements we will have long term for all of our drilling services. With just these three leases and around thirteen holes to drill, we could be drilling for the next ten years without extensions. Just my thoughts
