It is nice vote of confidence in the area and to have a big boy with money interested will help put a floor under the SP for a time.
BKP will obviously still depend a lot on some sort of promising to good results from their well's current drilling, or at least the other wells being drilled show something good. Nearology.
But what I think this does for BKP shareholders is increase the potential upside IF their well has promising to good results. So for the same bet we could get a bigger quicker bang for the buck, as our tenement becomes more interesting/desirable/valuable to the big money that is basically on site.
petrofrontier corp. announces farm-in agreemen, page-40
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