Striebs
Assuming all their past costs were covered, I thought SWE acheived pretty good farmout terms from Tata
Free carried on two wells +USD5.7m for past costs, + conditional extra USD1m towards cost of 2nd well
Farmout terms announcement
You're right though, SWE were on their knees financially and not in a strong negotiating position.
below budget and expectations - plug and abandon, page-28
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