reversing ticket?, page-17

Slura
Wishful thinking, imo, that COE would farmin to Sambuca.
Scott already mindful that all his endeavors outside Cooper Basin have failed so far, ie, Kurnia duster and significant cost blowouts, Gurame major dud and was supposed to be a low risk appraisal, IPM takeover attempt a shambles. Cooper Basin fields doing well but BPT is the operator anyway.
Point is, I doubt very much that MS would now risk shareholders funds on a wildcat farmin.

Westwind Partners put COS of Sambuca at 10%. When Stratic owned it they suggested a farmout where Stratic might retain 30%.
However Stratic finally sold the Sambuca permits for USD2mil after failing to attract a farminee.

Speaking of COE, I note subsea soil tests were required by the Tunisian authorities as part of the approval process to drill Fuschia. Also required for insurance and to aid in rig selection.
ADX don't seem to need this ? Just book a rig with no money and prior to running seismic, too easy.