Wednesday, May 20, 2015 1:08:59 PM
The parties will be subject to the Joint Operating Agreement whereby ownership representing over 51% of the PELs will vote on an operator. The operator will have the right to propose an exploration budget after which point each party must provide capital to fund its working interest.
They wouldn't have made this move without lawyers examining all signed agreements. This is a slick and greedy bunch...
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