RE:RE:Finding oil and gas in the four EW blocks is like ...lageorges, IF it turns out that the oil is being trucked out (due to the lack of pipeline infrastructure at Teremia 1000's location) and the well has not been declared "Commercial", then NIS would be getting loads of RoyaltyFREE oil, since December, 2017. So where would the incentive be on NIS's part to ever declare Teremia 1000 commercial? This is just one more situation that begs the question, where is the EW management team? NIS is paying all of the costs in phases 1 & 2. EW will shoulder 15% of the costs of production, etc. once the wells are declared "commercial".
I like the chances of success for the next several wells which will be drilled by NIS on EW leased land, but common business sense dictates that someone from EW will have to be on the ground in Romania monitoring things. Vikingman.