PVD are free carried through the second well. Drilling rig costs are much lower than they were last year, so there is not much chance of cost overruns. In the unlikely event that this happens, PVD have negotiated a deal to reduce their interest in the site to cover cost overruns.
The problem facing us at the moment is to get Freeport to perform.
Cheers,
PVD are free carried through the second well. Drilling rig costs...
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