Finally online with new ISP...!
Have just scanned all posts since last week and would offer the following for consideration;
The interest in the Georgina Basin as with other Bakken style projects around the world, has attracted alot of interest from the BIg players/Multi Nationals who have been approaching BKP with offers. To protect LT holders these offers have been meet with the constant ...buy on market? Now. just like us small investors BKP have to consider the go forward and if money is 'on the table' why wouldn't you take it? The SPP offers this without diluting the value of the project... does it not?
Also BKP have a 75% interest in their own patch with 75kms of surrounding ground...could BKP;
Go it alone on this patch?
Do a seperate JV/Farmin with PFC or others?
Is there another 'deal' in the making?
Or, are they just preparing for future drilling and taking money that has/is being offered to secure that position?
The SP has come a long way since relisting and right now we know that interest in this type of project (Bakken type shale horizontal drilling) is at a all time high worldwide? Perhaps having friendly support thru this SPP will allow BKP room to negotiate even better outcomes going forward.
To date the Management have shown their support for LT holders and an ability to do deals that encourages steady rises in the SP. Very encouraging IMO.
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