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midtieroil

03/17/11 2:12 PM

#237616 RE: DegenerateGambler #237607

I don't really think 1 well drilled in Phase 1 is relevant to the discussion betweeen SNP and the JDA. I think only one well per block is required in Phase 2. I don't think SNP is negotiating to drill 0 wells in that block. Of course they could want to combine their blocks and drill 3 wells in Block 2 instead of one each in 2,3, and 4 or something like that. I think it is pretty obvious that Blocks 1 and 2 will be explored first based on both the drilling results we have heard and well as geography.