What are the chances that we will farm the Bargou out on bad terms and then pay too much to farm in to these so called other opportunities in this credit tight and capital tight market. I can see it a mile away.
To be honest if they don't get decent terms on the bargou farm out, I would rather them spend the money on drilling this themselves then farm this out cheap and farm in to something else that is expensive. They do have the cash.
I realise you need to derisk losing lots of capital on exploration but if these other opportunities are not a steal, then don't farm out the bargou for a steal.
bargou farmout, page-8
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