It's possible to sole-risk wells even in a JV, especially if you're operator. Just present the partner with a notice of intent to drill a well and force their hand, either they stump up and come along for the ride or they refuse and CTP gets 100% of any discovery.
But that requires leadership, initiative and willingness to take on risk, and CTP has not shown much of any of them when it comes to exploration.
It's possible to sole-risk wells even in a JV, especially if...
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