agree mate. Only really one opportunity to do a JV. Yes can bring in additional JVs but would dilute our WI.
I would like to see develop bank funding for 50 million. Complete the flow, 3D and maybe another well or two depending how much cash left. By that time with confirmation of gas flows in MK2 we would be processing and selling the gas to our MOUs. Much better position to negotiate a JV or even further bank funding/offtaker funding.
JRI IVZ Fireside Chat - March 26, page-659
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