As per link below COP have Athena on option into early 2019. If first appraisal wells are sucessful maybe they will keep drilling and that will take cash. So there maybe a CR late this year and another 2nd qtr next year.
http://www.ocean-rig.com/fleet/rig_availability
OOO didn't CN say something along the lines of they may keep drilling if sucessful. Option to early 2019 is a long time and a lot of drilling but of course they have other places around the world they may drill. Exploration budget in COP's 2016 Annual Report will be interesting.
SC
In the event of a Takeover offer, page-47
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