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Message: Re: power of the drill bit - roadrunner
6
Sep 16, 2009 01:58PM
7
Sep 16, 2009 02:33PM

The other side of that is that if either partner does not have a good reason to go ahead with the operator's proposed program, I believe it would go to arbitration and if the opposing partner still does not want to proceed, it will lose points on the deal commiserate with the amount to be spent, which means the operator would then have control and would not need the opposing partner's approval thereafter.

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