This image from the ann today has made me ask myself a question I cannot entirely work out the answer to!
So cane creek 7-2 is on our land, but Wesco "own" the well and are presently drilling it, this was confirmed by bruce on twitter , see link below.
So whats going on? Wesco clearly have the rights to oil over the land and we have the rights to the minerals.
Surely, we have "an arrangement" with Wesco that on their way down they sample our zones for us and we pay a fee for that? I mean surely that's happening?
Surely that's why we are drilling skyline now if Wesco have given us an idea of the brine at cane creek 7-2 right nearby??
Anyone?
ASN Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
