Recently we received an AFE to consent or not consent for the drilling of a new well.
Can someone explain to me what an AFE for a new well must contain when it is received, or point me in the direction of where I can find out that information? Are the answers listed in the JOA?
We were not provided configuration of the proposed unit, no detail backing up the line items listed in the AFE, no reservoir engineering or geology to backup the economic value. (I’m not sure what we are required to ask for, and what is required to be provided.)
Any guidance is appreciated.