Re: ...it's that time again/ say slowly..u n i t i z a t i o n
in response to
by
posted on
Jan 19, 2009 04:08PM
Developing large acreage positions of unconventional and conventional oil and gas resources
>The purpose of initizing Mako is different from that.
Once you sober up, please feel free to give us your thoughts as to why they are talking about doing it then. Actually, Falcon said in their news release the main reason why they were doing it.
"Formation of Unit: Falcon, ExxonMobil and MOL all recognize the significant potential benefits, from an operating efficiency and technical analysis standpoint, of combining all or a portion of their jointly-owned interest into one unit."
...and I think they were told to come to an agreement by the Mining Bureau.
In other words, why are they taking about unitization? Because they have to. Final answer :)