I fully agree - while stated this is a 3 well program, are we saying the SP would be 8-10c if it was only a 2 well program because we are fully funded and no need for a CR?
Does anyone actually believe we will be stopping at 3 wells (have COP or CNE said that have better uses for the rig?) - they could have announced a 6 well program really (and I expect have intentions of plus more), but does that mean we needed to be fully funded for 6 up front? The CR will be a necessity and 2, 4 or 6 wells, I don't get the rationale that say we should be fully funded for the first 3 if the risk management says a great probability of being in a better place after the first 2.
Happy to be enlightened if someone in the world of oil JV contracts suggests otherwise?
I fully agree - while stated this is a 3 well program, are we...
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