RE: Roughrider will fight the agreement terminatiYeah, why can't we all just get along? I suppose this means Roughrider has already incurred some exploration expenses? And maybe they have good reason to believe in the property and so are willing to fight for it?
I liked the farmout anyway because it means exploration and participation without share dilution. As I'm sure everyone knows, over time share dilution can leave longs in effectively the same position as if the deal had been farmed out.