Followers | 132 |
Posts | 7815 |
Boards Moderated | 0 |
Alias Born | 12/17/2009 |
Wednesday, September 28, 2016 2:06:59 PM
I wasn't disputing who the operator is or was. YES, TGC does control the drilling timeline for the most part. That is exactly why I said I like this deal they did with Perceville; increased ownership gives them increased drive to drill!
And actually this change in percentage work-in now changes how much each party is required to contribute to further drilling attempts; but yes, as I understand it HENC does have to contribute a substantial portion.
Re: joseytheoutlawwales Post# 3932
Isn't TGC considered to be the "operator?" If so, don't they control the drilling timeline? And isn't HENC required to put up the vast majority of the cash for at least the next well?
Got go back and do some re-reading!
Report TOS
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM