GREY:ENGFF - Post by User
Comment by
Columbus1494on Jun 23, 2011 8:15am
194 Views
Post# 18754568
RE: Chariot close to farm out agreement
RE: Chariot close to farm out agreementOne of the blocks in question is 1811 south of 1711.Chariot is going to drill there in the 4th quarter.
Its interesting why Chariot only signed a heads of terms agreement and not the final farmout agreement
after so many months of negotiations and when there is little time left before drilling.
Im speculating it maybe can have something to do with negotiations around 1711.
One interesting detail is that HRT initially was more interested in Chariot than in UNX.
HRT had an agreement with Chariot similar to the agreement with UNX before they were bought up.
Chariot for some reason broke the agreement.HRT became interested in the blocks around Kudu later when they
started the cooperation with UNX.