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Wednesday, January 25, 2012 12:28:55 PM
The terms of the farmout are still very much in doubt though. Can they find a JV partner who can operate these properties or build an internal operating organization from scratch? If so can they get full carries? And finally can they get anything over and above the full carries to sustain the company while we gather seismic, and plan for drilling?
Still lots of unanswered questions.
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