What I find fascinating is why TB has place the previso in the sale, 'have the rights to first refusal on sales of Chesapeake’s wells'. There must have been some confusing - or interesting conversation between Chesapeake and SSN. To have placed that condition on the sale of the land, Chesapeake must have informed TB that it was going to be a testing area - we will drill in a number of regions - and knowing that 3D and technical readings are important to the area - TB has added the clause - knowing that 1. Chesapeake were in some tight financial consolidation and they were not going to spend the money or time doing the due diligence on the area 2. Understood that if they hit pot luck he was to be sufficiently financially rewarded. 3. Knew they had chosen wrong areas to drill- or were not prepared to meet due diligence of the area
He is a wise owl this TB
Bellaem
GLTA
SSN Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
