reserves report, page-14

"but they have been discounted because of the way they have placed the horizontals which overlaps others acreage."

The point of my last post SL

"Now they could do it this way with agreements, and our net drilling location will remain unchanged. We would just get more wells, but some would be gross 50 or 60% etc as reported."

This makes no sense to me. Why drill on foreign soil when reorientation of the laterals keeps us inside our back yard (were the 27 bottom holes permitted this way?).

Now, it might be argued that the Geos have determined that current alignment best intercepts the window,

BUT...at a potential hit to WI/NRI of perhaps 35-40%? (for HK also)...doesn't make sense to me

It keeps coming back to a need to package a proposal to funders that does not have the benefit of the extra time required to finiosh the free-carries and amend the well fit