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Re: fingolf post# 9845

Thursday, 04/26/2018 7:57:40 AM

Thursday, April 26, 2018 7:57:40 AM

Post# of 25754
I think they will at least drill one well on each license. Both companies have been kept afloat by their primary investors so they won't let it go without one more chance of striking gold, otherwise they would have given up on it already.
On what terms a new partner will come on board, no idea but I bet the price will be big (% ownership of possible wells)for someone willing to take on the risk.

It's time that's running out, if they hit oil on their first attempt then their's plenty of time to obtain more money to drill some more and get as much wells as possible online before the leases expire (and most of the land)...

So get your act together in 2018 and start drilling in 2019 !