We must remember that CVN is the operator in the SUR JV. It is CVN's responsibility to fill its JV drilling needs. I doubt anyone wants to see rigs being pulled from the CVN/POE JV on a consistant basis.
Shareholders will not remain positive if both POE and CVN fill their other JV needs by removing rigs from their main income venture?
This is the most vital question that really needs answering by the board (at the AGM).
With all the drill pads and targets still awaiting drilling it makes absolutely no sense to have rigs going walkabout onto other JV's. IMO with the amount of profit being made in drilling (a new well) its not hard to justify as many new rigs as you can get. Hiring good people is not a hard task and only adds to the gene pool of talent at CVN.
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We must remember that CVN is the operator in the SUR JV. It is...
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