If by “go it alone”, you mean without STX. No. They cannot do...

If by “go it alone”, you mean without STX. No. They cannot do that. They’ve entered into a JV (joint venture) agreement for EP469. This agreement states STX is the operator and both parties are up for 50% of costs each after the $11 million that STX fronted to start the WE2 drill.

Any costs after the first $11 million are split down the middle. Unless the JOA (joint operating agreement) is somehow changed (it’s a contract) by mutual agreement (cash changing hands), then STX continues as Operator and WGO get taken along for the ride whilst pitching in 50%.