i believe the company hasn't completed a JV to date, because company has been a little demanding on the terms. I also believe the company is now heartened that they have found some oil and this will enhance their negotiating position. We will see?!?
They did have partners at one stage, only problem was non of them wanted to stump up any cash. If i remember correctly company gave one of them a "free look" at drilling results at JW before they would decide whether to put some money up, sound familar? Company this time around has also stated they will only do deal with major company?
Cheers, vaga
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