are they planning to do an asset sale, a la UTS?

That is exactly what I've been pondering for the last several days. I'm pretty sure that the PR mentioning the flow-thru said that a portion of them were specifically to drill out Algar and get a better understanding of the reserves there. But I don't think that the entire program is to be concentrated there. However, I don't think they have allocated enough money to properly drill another section for possible sale. It would be great if there was a non-core area that was drilled out to the point where it could be spun-off to provide cash flow for contingency or for certain other core capital projects, but I'm not confident that this is the plan. Someone who understands their lease base and the exact drilling costs might be able to comment on this.