I don't mind that they are in charge, but vary wary that the royalty is revenue (not profit) based, and feel that it is disproportionately high.
Im honestly not too worried about the write downs. As long as it is frac related and not a closure issue then the gas has gone nowhere. V1 and O1 are both performing as i'd hoped - so there is nothing there to say that any future well will have issues if lessons learned have been applied. I'm just hoping that O2 completion goes smoothly given the speed of drilling. Implication is a few washouts imho.
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