RE: farm down news?22 Dec 2020 11:54
farm out can happen at any stage. many companies farm out even before drilling exploration (no discovery yet) while others after final flowrate discovery (which will be more rewarding to RBD). but you dont have to farm down all, just small stake, while at the same time let the big boy continue the hard work.
so, yes, partial farm out can happen before flowrate, after all, we already have discovery and that itself is a major milestone.