GREY:CIMVF - Post by User
Post by
turron Dec 23, 2006 1:58pm
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Post# 11917092
the news release
the news releaseAfter re-reading the news release, i have some questions.
To me, it doesn't look like Tectronics say they will spend $7 to $10 mil. on the well. They just say the well ,will cost that much. I'm thinking Tectronics are just buying into Shoal point by covering CIVC cost (40%) of the project. PDIP,Geston,(60%) have to look after there percentage of the cost which they promised to do.
Notice in the release,
Prior to drilling this well, the farmee may propose a geophysical program on Garden Hill North, the cost of which will be shared by Tectonics and CIVC in the proportions 28%:12% respectively.
would indicate that this is the case with all the projects.
comments anyone??????