A question if I may. I'm kinda keen on IVZ but I have one issue.
Why no 3D?
Why are IVZ expecting a decent farm in deal without 3D?
My concern is any partner will want a very big% or will want to do 3D after the farm in which can take some time.
The main issue I see is, given this is wildcat drilling, why would they not use the best available technology rather than rely on 2D?
I would have thought IVZ would have been better doing 3D itself, I know it costs, and use that to keep a larger working interest as the risk is lessened with higher degree of certainty allowing then to keep a bigger % of WI.
Just my take comments welcome. DB
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