chinese, page-101

Hi Anatol,

Patience is a virtue (P, please no nudge nudge wink wink!).
We might need plenty of it with NSE/BRU/Canning Basin.

My quick reading of the deal regarding 855 is 18% +18% of BPTs' 60% holding [(18+18)/60] is 60%. If ICN exercised the option then the 855 shareholding becomes
Chevron = 36%
BPT = 24 + 4.9 = 28.9%
ICN = 40-4.9 = 35.1%

ICN could sell down a bit more to Chevron to fund the drilling. Correct me if I am wrong.

What's good for NSE, BPT, CTP, BRU .... is good for the shale gas space.

Cheers all, GB