gday cmon, COE has stated in a number of presentations that they will look to farm-out Gippsland assets. most likely it would be Sole plus Manta. So COE would recoup serious spent costs, plus possibly get farminee would contribute a higher proportion of expenses as part of the farmin terms. Because Sole is /will be derisked. That would provide COE with funds to develop their share of Manta, plus funds for C/H wells.
Cannot remember what time frame was in those presentations, but I got the feeling the process would begin once Sole wells completed.
I think calendar 2018 will still provide us with further milestones.
Ann: Trading Halt, page-40
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