They seem convinced there will be a cr and they are probably...

They seem convinced there will be a cr and they are probably right.
I have been thinking about the likely possibilities.
1. Go alone = big cr.
2. Farm in for free carry = no cr
3 A bit of both the above.
If it were to be 3 Imo it would have to be another small player Imo. I can't see any mid or upper tier company settling for any less than 50% and becoming operator. A small player might take 20-30% and throw in more than that % in cash subsidising the drilling a bit for us??
I admit I'm torn here.
From a long term perspective a mid upper tier company would give the project kudos and would probably allow a speedier route to production.
Flip side of that is the more Wi we can keep the more we have to sell down for a free carry to production, assuming a discovery.
So where are we headed???
All the above is what is weighing on the sp Imo.
The sooner it's sorted the sooner we will see where Ivz sp will be heading in to drilling.
I think all 3 scenarios have positives and negatives but for me, given we have the expertise required for drilling, the more Wi we can keep the better.