JP
Thanks. Just tryinhg to think through whether they will do appraisal and exploration simultaneously?? If the JV is really very excited with what they have found and it will take some 6 months + to finalise the appraisal plan and get rigs on-site, it might make some sense to start with an exploration well and then setup rig the same for appraisal/flow test as you describe. Rather than have 2 rigs on contract.
All will be revealed with patience!
H
Oil in the Ground, page-53
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