Speccy, aren't they intending to core the Cyrene well? Not sure about how much, but this can be expensive and time consuming.
However, presumably once the $3 mil is used up, Key only have to pay their JV % which is 20%. So even if the well ends up costing $10 mil, Key's contribution will only be $1.4 mil.
Still, $2.4 mil is not a lot of cash, so I would expect to see a CR in the new year.
Wish I'd looked into this earlier. Sigh.
Speccy, aren't they intending to core the Cyrene well? Not sure...
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