worst case 3c per share cash best case cadlao , page-55

like i said, i won't believe it till I see the signed farm-in agreement

but Nido Petroleum are publically talking about Viking as a JV partner in their shallow water SC54A, so it has some legs. And Viking also mentiones the Calauit development, which is a similar shallow water fractured carbonate.

Cadlao is in the same region and is similar water depth. so might make sense for Viking to take a stab at Cadlao also and others at the same time

Especially as Blade clearly have had no luck doing this on their own, Viking may get a cheap farm-in deal.