GREY:GULSF - Post by User
Comment by
JohnnyOilon Feb 24, 2008 11:35am
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Post# 14534519
RE: If dry or non-commercial
RE: If dry or non-commercial"It will be Petrocan that will determine if it is commencial for them, not the tiny partners."
Not so fast. If PetroCanada passes and their partners want to develop, there are rules set up so that PetroCanada would have to relinquish its stake. A potential best case scenerio is that it is not big enough for PetroCanada and GUL MNL and IFR significantly increase their stakes in an economical find. Time will tell.