It would be nice to know that this Lafitte is the same well that was supposedly abandoned last summer. I never saw that Lafitte was P&Aed. Somebody should ask directly. Due to the high temperature and pressure, completion of Lafitte will require long lead-time special equipment. So has it been designed and ordered? Maybe the next SEC filing from GULTU will clarify.
It would also be nice to know how much FCX is carrying on its balance sheet as an investment in Lafitte. Anybody happen to know?
Anyway, until I see confirmation from either FCX, or EXXI, or the TISDZ financial statements, I'm not going to get my hopes up that Lafitte will ever generate any royalties for TISDZ.