Usually in a relinquishment the entity giving up the acreage gets to chose which acreage they give up and what they keep. If CPC had 100% originally, that would likely mean we got the 50% that CPC gave up and they kept the other 50% so our interest would be a divided interest in the block.
Furthermore, a discovery on any acreage usually locks that acreage in for the original acreage holder and takes it out of the pool of what is to be relinquished. If that is the case here, it means we acquired no producing acreage or wells. IMO that is the most likely scenario but I am still hoping otherwise.
If you think about it, it does not make any sense to me to think that a company would make a discovery and then have to relinquish 50% of that discovery. And with a successful discovery, financing production should not be a big issue for CPC.
I sure hope we get some clarification on this "soon".
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