This probably means they will be going back to drilling the original 9 wells (dual lateral gas and oil) they had planned before they were offered the extra ones in the champions area. BUR's NRI in these wells is higher so it should mean more near-term cashflow if the oil component is significant (Don't expect as high gas flows but they should be more constant and not drop as quickly either). Sterling is the main other paying partner in this JV whereas AKG appears free carried. Perhaps BUR has more control over where the drilling rig goes than AKG? Either way they appear to have a good working relationship which is another big positive. Totally agree with you floydf, the transparency of this company is tops.
This probably means they will be going back to drilling the...
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