The lands were adjacent to TAMM owned lands. Check out the letter to share holders on tamm's website. Basically, CEC and OCTX are going to start with coldflow this year and target the light sweet crude to start some immediate cash flow to fund the SAGD or CSS projects which will make TAMM pop!
Same here! The letter to share holders is fantastic. Here are a couple quotes:
The first well drilled by North Star was on a Bluesky channel target which is not shared with the TAMM lands however any success there would have beneficial results for the Joint Venture overall.
The second well drilled and cored by North Star has interest to TAMM – as it was drilled on the Elkton formation – specifically targeting the “erosional edge” which their geologists have identified as their focus area.