RE: "Financial Partner"Great posts everyone.
I agree with tigris here, this is my understanding of a financial partner. I was also thinking the same thing since Sully mentioned that they would like to farm out 100% of the cost of Corentyne, which means they would hopefully keep 50% interest, which I think is more than an operator would give them in my opinion.
Drilling Georgetown first could really open up the door to more options and possibilities for Corentyne, however, I think they are moving forward on drilling Corentyne next year regardless of Georgtown. I think it really depends who brings what to the table. They don't want to delay the drilling any longer. The fact that they are sourcing a jackup rig in Jan is great news.
Again it was mentioned that there are potentially two more targets in another layer, but no information was given about their potential or size. I would like to know more about those targets and wether or not they can design the well to target at least one of them to add to the 2 targets they already want to drill.
I am still very excited about this company's potential. I think Georgetown has a better than good chance since OIL was already discovered there. Seems almost like a no brainer to drill that same target again, appraise it and find the next target to drill.
I still like Corentynes odds as well since they are drilling for more than one target. Its going to be an exciting 2010 for all of us that have been here for years.