The risk is that they might end up paying for appraisal wells and still not maximise on a sale as they are reliant on how the operator interprets the data. Have seen a junior get independent analysis to get higher figures but everyone still goes by the operator's figures.
I'm guessing Total would have sorted the pre-emptive rights in the contract. Will be interesting to see what happens.
The risk is that they might end up paying for appraisal wells...
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