i'm out, page-7

Hi I'va

Could be - and a spud delay would prove your screw turning theory. As I understand it, 2 rigs are "thereabouts" to use for those concurrent drills.

As to Put Option - that rests with ICN. If ICN chooses to "Put" the block to BPT, then BPT must accept and pay. The only way it lapses is if ICN does nothing.

In terms of JVOA, which includes CVX, that has to wait until the tenement interest transfers are complete. Technically the JV (now that Halifax-1 has been completed and BPT has fulfilled the their farm-in obligation) is only just ICN/BPT with CVX as farmin to BPT interest.

So yes, would like to see some JVOA annc with CVX in it stating the approved plan is ...

Perhaps I'll join you in the cynical queue but not for a while yet (and hopefully never :-) ). We'll see.

GLTA