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Ann: Offshore Sicily Channel Update , page-6

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  1. 2,638 Posts.
    lightbulb Created with Sketch. 15
    thanks IFINO, so lets say a 20% farm out for a free carry per hole and left with up to 20%.

    the farmin party would probably take over operating the permit which may mean they also pay a small premium

    the critical point is the 2 year extension to accomplish the drills, otherwise nothing much will happen

    lets hope there is a farm in announcement out soon
    [and subject to permit extension of course]
 
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