GREY:CIMVF - Post by User
Post by
santiago44on Apr 23, 2008 9:54am
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Post# 15000066
and the next step if this well is successful?
and the next step if this well is successful?
This is a question for the more knowledgeable board members.
I know CQV has surrendered their rights to Garden Hill, and have whittled their share of the take on Shoal Point to 22 percent, but, if this well is successful, do they have other areas to drill - where they hold complete or greater share - after they have boosted the bank and investors confidence on Shoal Point? For example, can they drill anywhere else on a license area without the other partners? Do they hold any other undeveloped licenses? Is there any chance in future to renegotiate the present arrangements? I am looking beyond Shoal Point to a growth perspective. My point is, in a good scenario (income and proven reserves at SP), how does this company proceed and GROW. Any speculation or information out there
TIA
Santiago