Any fears here that the jv is in trouble are, at this point, simply not true(I hear they are happy and excited to participate in this play). CD's priority is to keep two drills turning on TPW. This money is insurance lest the jv negotiations drag out. This deal, like any other, could still go sideways. However, should the deal be finalized, then what cash is not spent on TPW will be used for other properties. Would have been nicer had it been done at a higher price but it is what it is.
In a business where failure is the norm, I would much rather have CD calling the shots rather than one of those sharks/promoters running around out there.
GLTA
Chip