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vineseeker2

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vineseeker2

Re: amj23 post# 183834

Wednesday, 10/21/2009 10:37:59 AM

Wednesday, October 21, 2009 10:37:59 AM

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The JDZ rights agreement required the operators to drill one well each in block 1, 2 and 3 and three in block 4 by a date in march of 2010. The two additional wells to be drilled in block 4 after the Limba prospect in bloc 3 is completed fufill the round one contractual requirements. One additional well is required in each block in the nexr two year period. If the operators don't drill these wells they would be required to pay the JDA a penalty to keep their rights.
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