RE: Why divest SSJN-5 They divested SSJN 5 because they could not afford to drill it. The estimated GROSS well cost was in excess of $30m a well. Also, the prospective pool was mainly gas, not exactly ideal in these markets. The P50 of 21mm bbls on the first prospect was also not sufficient to justify spending in excess of $30M, of which they would have had to pay 33%. Plus it would take a relatively ong time to being any discovery to market.
If you look into it, PTV actually gave their rights away as well, as they could not afford it either. Nice block for a big fish, not a little one.