6 -
as you pointed out Encana with the Jonah field has arranged a deal with an investor to provide funding of $380 million to earn a 32.5 per cent interest in the venture on 2,300 hectares of the field.
Seems to me that the tone of the TSV announcement is to wait for values to increase. With 1 well planned in 2012.
We have a dogs breakfast of sections which are going to be impossible to drill and hold with the current business model.
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