Sentia
OWO, thanks for all the useful comments.
re your comment:
"Yes it certainly seems to be the way they are thinking so long as all the partners can find the necessary money to chip in with."
Do you know roughly what this will cost? I would have thought all partners could meet costs from current cash flow ( about $1m pm in total); so about 5 months or less cash would cover cost of new well. Is this about right?