RE: CH's latest interview9 May 2025 07:44
The investor in 36-2R may wish to invest in the next well. We don't know what their plans are but they obviously have money and seeing the latest success they may want to become more of a partner, rather like a bank who bets on winners only. Let's face it if they have say, $100 million of spare cash, for example, only earning a small amount of interest why not get a good income from the money. Once one comes on stream they will start seeing a return, then two, three...
There are other reservoirs that also have proven hydrocarbons, they may want to help pay to drill into those. And receive a % of the production.