08-05-2016, 11:02 AM
'Palm' pid='75410' datel Wrote:Exactly. That's the limit XOM will pay off in the deal. Not much room and certainly drilling Ant 7 before deal is done would exceed that cap.
They've already put about I think the number was $8 million into site prep at A7. I suspect that goes into their cost share.for the well. (Anybody want to guess why that was done before the well was agreed too?)