Saltocan Apache are the operator yes but they only have 40%
The other partners have the other 60% so I cannot believe it would be all one way traffic regarding the decision making.
For example KAR drilled a well called Grace and they had 90% of that permit but their partner in that drill was the operator.and KAR was prepared to take that drill risk due to farm in commitments.
In other words I would think CVN and other the partners would not rubber stamp any drill Apache wanted.
I am sure this will get done right.
My guess would be an appraisal then Roc then after the appraisal FEED would be initiated if the results were as expected, then Roc and if that comes in another appraisal for Roc because the fields are quite close and might be the same source kitchen.
Meanwhile farm outs in the other blocks where we have 30% if Apache decides to sink one or two.
Then maybe a couple of on trend drills.
I know that all sounds optimistic but if it is a new oil province the oil will be there.
LOL....I feel like I am ramping but in reality if the predictions and possibilities come in this could be pretty big.
As Dreyfuss said in Let It Ride...."you never know".
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