re: quarterly report out L & O,
On page 11 of the annual report NXS state that the likely farmout terms are funding 100% of the 1st well for a 50% interest in VIC/P56. This could be holding Apache up. The last farmin deal was the payment of 94% of 2 wells for 62.5% interest in VIC/P54.
Given the increase in oil prices, NXS might get it.
G
annual report out, page-14
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