Participation in 4 of the existing wells is 25%, I assume the other two are the same. MKGP owns the leases, they sell percentages to JV's at a price that covers MKGP's 25% interest thus there is no cost or risk for MKGP. It is Conrad's job is to find those partners.
Brad
The info and DD I provide is accurate and factual to the best of my knowledge but still I am human and you should always do your own DD.
Benjamin Franklin once said -
"I am a strong believer in luck and I find the harder I work the more I have of it."