RE: Zagros comparison Their partners GENEL and KRG & Petoil are also annoyed with the delay & lack of cash to drill and will likely be putting pressure on LFD as well to take it or leave it.
If they refused to take the offer, they would have to prove to their partners how they would raise more than $20 to $30 million to drill in Q2.
The good thing though is that LFD seems to have been lucky in selecting a desirable asset with a discovery hole.