Study We have a potential JV with CHK not a partnership...

Study
We have a potential JV with CHK not a partnership agreement to drill the wells. The wells will likely be held as "tenants in common" because what I suspect is happening is that there is a shared resource on the boundary. CHK can not simply drill on their side and suck all the oil up from Samsons lease so they must have a common ownership of the reserve and also develop it jointly irrespective of whose boundary it lies under. ALl that will be affected is a percentage on how much of the reserve is agreed ot be under whoevers lease.
To hold the wells as tenants in commmon a registered right does not mean anything as Samson can still hold a legal right to the wells. Ie they have paid for them, simply registration has not been updated, that may occur anytime in the future.

Terry is certainly playing the field CHK on the South and HAL in the North.