joint ventures, page-9

Grange, in reply, I assume ( not always a wise move) that you are referring to unlisted Companys? One that comes to mind is Trident Energy, already a JV Partner in EP115..

Trident is unlisted, basically two major shareholders and probably/possibly does not have easy access to large amounts of capital.That will be a necessary requirement if development eventuates. Currently has 60% of the costs for 30% of the rewards..


Another one is HeNuclear, (HeN), which,as you are aware, is also from the MPS stable..When Mt Kitty and Magee are drilled,(EP125 and EP82 )then HeN will be up for 50% of the costs for 25% of the rewards.
I would be very surprised if, eventually, HeN was not the suject of a T/O play of some kind..