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Post# of 362034
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vineseeker2

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vineseeker2

Re: YankeMike post# 191132

Wednesday, 12/16/2009 10:05:15 AM

Wednesday, December 16, 2009 10:05:15 AM

Post# of 362034
During the first four years, or Phase I, the Contractor is required to drill at least two wells, with an option for a third well depending on the results of the first two wells.
Mike, I have seen this before but no explanation of what is the "depending on the results of the first two wells". If the results were dry holes they had to drill three or if the results were good? Just what is the trigger to cause the option for a third well to be exercised?
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