I do think there is something new in the announcement, it pretty cleary states, for the first time, what they are expecting from the farmin partner in terms of financial commitment.
Seismic must be worth 20-30m and the drill about the same. The free carry for subsequent drilling is also a bonus. If they can pull that off it might be a $100m deal.
Happy to be corrected on the above figures but that's my understand of the costs.
Cheers
