What is this plod along?? Roscoe just quoted that "But RC said Santos JV has to drill 2 wells by 2020 to retain leases". He did not say that Santos would fully pay, but since it is a farmin that would be usual in order to earn their equity in the acreage. If so these wells could be game changers in a big way and pump up the CVN intrinsic values way beyond 19.6 cents. And given the frenzy out there at the moment, it hardly seems likely that the gas demand is going away in a hurry.
Sydney meeting, page-76
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