Simple answer is that this is a legacy of the GOG days where things were put in place long before the merger. Unfortunately it's contractual but future new drilling in unlikely to feature BPT.
Are we watching them?
Yes there has been plenty of oversight. Generally speaking the working relationship at the coal face is quite okay.
Brad went on to explain the processes that DLS has gone through to get to this point of drilling. The 3D seismics have been through 4 separate processes which should produce better than an even chance of finding good HC targets.
I have to say Brad was quite accommodating and almost inviting to let him have it with all barrels (no pun intended) with the questions as he sees the SH as part owners who have a say and he takes that all on board. Rather refreshing.
So if you have any concerns I would highly recommend to get it from the horses mouth and then make your own judgements based on what you have heard.
An interesting two weeks is coming.
There has been a very cool response to the TO so
DON'T SELL YOUR SHARES
Cheers BW
DLS Price at posting:
49.0¢ Sentiment: LT Buy Disclosure: Held