Re: ...it's that time again.../lanman
in response to
by
posted on
Jan 12, 2009 01:44PM
Developing large acreage positions of unconventional and conventional oil and gas resources
>From my understanding of the unitization process, that is totally normal, as I mentioned the other day, the unitization process is more of a competition than a negotiation. Each party will try and show that they have more resources on their land than the other parties, which in turn will result in a larger percentage holding of the unit. I imagine they don't want to show their cards just yet.
On behalf of us all, let me say thanks for sharing all this great stuff on unitization...from your reading, do you have any idea what would happen if in the end the three parties were at a stalemate in terms of the divided interests? I mean, we'd surely like to believe that the three would keep it cordial but business is business - if a mutally benefical agreement can't be reached, could this end up being decided by an independent aribtrator or even the Hungarian courts?
Cheers
LP