If we gave 30% for Mukuyu then back costs may only be 30% of what we've spent? What if we gave a share of the basin margin instead where no money has really been spent. Any back costs there?
I would hope a premium to current cap based on the discoveries and size of the basin but it's worth more post a PPSA and ripping flow test. Maybe we need that and the 3D to book some reserves before selling the farm.
Whatever happens, I hope Scott is getting some high level advice on this.
JRI IVZ Fireside Chat - March 26, page-625
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