RE: What if4 Jul 2019 09:55
It will all come down to the deal. I sincerely hope we don’t end up like Cluff and having to raise
Best case back end costs paid and a nice free carry, with cash in the bank
I think given DW “transformational” and the fact we had many competing for the assets, he clearly had a few to choose from so wasn’t likely cornered into one option (unless of course he was left with picking the best of a bad bunch), so anything other than back dated cash and free carry would be very disappointing
That said we haven’t drilled a single well, so regardless of data, it’s still a big risk, so will we really get a great deal at this stage of the game? Don’t know, hope so
Alternatively look at aaog and bloe, very different of course but they would be ripe for a FO as they have actually drilled a test well.
Time will tell of course, but I’m not thinking we will hear much end end of July personally. Anything sooner is a bonus
GLA we all deserve some luck on aim, been a tough ride for many!