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Receiving approval for our initial appraisal well in the field is a significant milestone for CanCambria and we are excited to be able to commence drilling in the coming months. The Company has submitted its drilling application to the Directorate for its second appraisal well, CC-Ba-E-3, and expects to receive the permit in due course.
The company holds 100% working interest and 98% net royaltyinterest across the greater BA-IX mining license at the Kiskunhalas project. CanCambrias Field Development Plan (FDP) comprises a total of 100 wells, with two phases each comprising 50 well tranches. for un-risked case. million, discounted at the same 10% rate.
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% About Sitio Royalties Corp. billion which equates to less than 1.0x mboe/d) Approximately 16.1
" • More recently in Regency Field Servs., " • The Fifth Circuit similarly held for the surface owner in Dunn-McCampbell Royalty Int., " Given these features, the Court concluded that "the parties intended to create identical royalties for all three categories—oil, gas, and other minerals.
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