For timing, the sooner the better. It will double or triple DEJ reserve and so does the share price.
For viability, I don't think DEJ management will be so foolish that they do something to damage the company. Actually, we knew they have been very prudent for the many years to keep the company survived from the downturn. For such a big cost, I don't think they will start without 100% return although the majority of the cost will come from a JV.
For dilution, the management are the biggest shareholders. I believe they also hate dilution if they have other choice. Do we have other choices? yes we will have a lot after Koko reports a good flow rate. The key is Koko performance. we will see it very soon, good or bad, I think. For me, I will bet good.
I think there's as much value in those deep wells as $44 per share when all the acreage is fully developed and if our land in that region is as good as the other company's, I think someone else is going to realize the potential of our holdings and offer us $2 per share in the stock of their company.