I didn't interpret it quite that way, that they were talking about a majority payment, more like they were looking to reissue the performance shares to suit the extended timeline, and have the fraccing completed. But the deal was for two wells, so I take it that they are looking to step right in and start on one of the Jixi wells. That would be a good outcome too.
I'm a little disappointed about the JV side, was thinking that Winter time was plenty of time to organise the drilling/fraccing, and that come April we would be ready to go. Let's hope they can get it done before Winter comes again. And let's hope that we can pick up some pace soon.
TNP Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
