Hmmmmmmmmmmmmmmmmmmmm.
I see there has been a bit of a new farmout deal !
Okay so QPN gains about US$133,000 in cash.
It also gets free carried for two wells. And the first well has to be drilled before January 1st 2011.
Hmmmmmm does that mean it has to be spudded before that or does it mean that it has to be drilled to depth by then ?
Well I suppose it means that there will be at least one well drilled or drilling by last quarter of 2010.
Don't see much wheel spin on the train from that announcement.
Yes there are benefits. More cash. Less acres to have to pay rental on. Free carried for two wells whenever they might get drilled
I presume that will give QPN about 5% of the wells if anything comes from them. Something for very little cost I guess.
toot, toot, whistle, puff
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)