Frazer123 I believe Tullow have to fund a well in its entirety to fully earn their 65%
Taken from Investor presentation 11 Jan 2016
Tullow will earn its full 65% interest by funding an exploration well with no financial “cap”. The current exploration activity is preliminary to the drilling decision required from Tullow by 14 March 2016.
If they go ahead and drill and are succesful it will be a game changer for PCL IMO as they have prospects of 915 million in the field identified taken from the same preso
If Tallow proceed, page-5
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