Considering the large size of our tenements and number of permits. Major being the number of this farm-in being 27 permits, thats very significant. Funding the first 3 wells of each 27 permits (thats 81 wells + 20% seismics). Bottom line is this has just reduced CTP's capital expense of exploration by 20%, while only giving 10% of the goods + possible royalty money. This makes me very happy as it reduces our costs and stretches our dollar further.
farmout to red sky energy, page-19
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