So FMG are spending $4 Million over 3 years on exploration with TAS and taking 51% of the project and possibly up to 80% by spending $7 Million over 5 yrs.
BHP are spending $7 Million this year alone on drilling at the Oak Dam West discovery.
Easy to see why management of CHK are holding out for a better deal!
Ann: Chairman's Letter to Shareholders, page-78
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