RE:RE:RE:RE:RE:This is all NIS has to say in the Q2 report (july 27th)Here are the Phase I & II criteria. Possibly a total of 24 wells in Phase I & II on a free ride for EW:
"Under the minimum work program commitments for the four blocks, the Company will acquire a total of 880 km of 2D and 600 sq. km. 3D seismic data and drill 12 exploration wells during the Phase I, two year work program."
"Should the partners elect to extend any of the four blocks into Phase II, NIS will continue to fund 100% of the exploration costs through Phase II, which include three additional exploration well commitments on each block. Once a commercial discovery is made, East West will be responsible for its share of field development and production costs.