Hi Avoca
I think it would be a risky play on Hardman's part to leave it this late. As far as I recall, the first committment well has to be drilled by mid 2006 and they may find themsleves in a poor negotiating position if they are running out of time to sign up a partner.
I wouldn't be suprised however if the farm in partner requires CESM to be run prior to selecting the target. Its obviously in both party's interst.
Off course, all IMHO and I pride myself on getting things wrong :)
Cheers
Zinc
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