RE: Good deal?5 Mar 2018 10:22
Mickvick, that is how it works! The operator has to jump through all the hoops to be awarded the licence, then farms out to spread the risk. Every licence works like that. Europa have a free carry on Holmwood, for example. When the oil price was high, several years ago, generally 10% cost 20% of drill cost. The lower oil price means 10% costs about 14%.