The unnamed farmee could be a blessing in disguise. Spending by the two major partners will be relatively minimal to get a maximum of work done. After all is done, the original JV will have 50% (25, 16 2/3, 8 1/3) if I read correctly.

Neither GFP or WHN have that much cash, I gathered, and by next year, nat. gas price will surely not be under $5.00. Time to accumulate a little, especially at or under .05, imo.

Go