I think the smartest move for Alvares would be similar to ADX in Austria where they farmed out 20% for 50% well
cost so for Alvares a farm down of 15% SGC share 5% XST share for 50% well cost.
SGC still have 35% of the outcome in this instance they'd only be paying for 12.5% of the well cost $0.5-0.75m USD at that point.
If it comes in at 1-2 TCF it'd be massive anyway.
They've shown they aren't too bad at negotiating so surely someone would be interested. It's all in the art of the possible.
I think the smartest move for Alvares would be similar to ADX in...
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