RE:RE:RE:"speculation"Logic in your statement lux. I took a look at the terms and FEC (inherited from Pacific Rubiales) pays 50% of the well cost for 33% share. I stated before I can't see a JV having a larger % then FEC so lets say we get 25% .. at the same well cost ratio that would mean (1.5x) = 32.5%.
That would leave CGX with 100-50-32.5 =17.5% of the well costs.... thus the 19M is more then enough.
Now lets say I'm not fully wrong, and we get a JV at 33% at 50% well costs.. that's a free well shot for us with 1/3 reward.