Monark, adding to R15's comment I would also think the party seeking the WI would have to reimburse drilling costs and facilities which have been paid minimising any negative effect to date. I also wonder if there would be a penalty like that detailed in the recent lease issue on Louise, if so that could be a positive but I am not sure if applicable. Either way someone see's value in pursuing the action and we see value worth defending.
For quick reference it is worth checking the Jan'12 initial Farmout announcement and also the 2008 and 2010 Napville updates.
All opinion only
Cheers
GGE Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
