No they do not do any actual drilling. It was never claimed they did any drilling. The claim was they bought 2% of Bubblins investment in tiger Tiger does the actual drilling.
No. Correct. They aren't doing any drilling which makes financial sense of the venture. If the % of income is based on production then the liabilities shift to the producer and not the % interest. If in fact the driller has certain milestones they are trying to achieve to make it financially feasible they would be the ones to expend the extra labor costs and would have the financial responsibility to do so. Since GDSM makes the $ based on barrels they have no increased liability for the extra labor.
Still miles to go and many hurdles I do admit that but just commenting on why it is ok for then to not physically drill themselves.
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