Hey Grangeh, sorry mate, not sure who or where it was dispelled, I think it just was not responded to.
CTP can drill if they like. Sole Risk drilling. They can front the costs of the drilling, they have sole control and sole risk.
a good link about JV law and aust, will take you straight to the Sole risk part
http://books.google.com.au/books?id=Y7oNw0KT0n4C&pg=PA330&lpg=PA330&dq=sole+risk+drilling&source=bl&ots=HuFt3sVw3j&sig=i_Ic_hWDEn9pKf_OepVY0bodDTI&hl=en&ei=xAMPS5vFA4eVkAXMg7miBw&sa=X&oi=book_result&ct=result&resnum=3&ved=0CA8Q6AEwAg#v=onepage&q=sole%20risk%20drilling&f=false
Btw, thanks BrunoR, much appreciate your comments =)
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