Those leases are inherited from taking them over. We've got our own EPLs for gas for which we may end up with water instead of gas. Now that you're the new owner of the company, would you sink $20-$30 million at the inherited block with potential issues to find water...? Unless there's a plant ready nearby to start baseloading that water and making money out of it? I'm guessing 'no' is the answer.
The strategy is insurance for expensive gas exploration at places we have rights to for which we find super-heated water under enormous pressure.
Ann: Strike moves to integrate gas, manufacturing & renewables, page-43
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