I guess with a statement like that you are not making an investment in BUY!
PEP 11 is the big driver for Bounty but not the only one.
Bounty has over the years tried to drill 'company making prospects'with little luck so far except Kiliwani.
The world average hit rate for 'wildcats' is 1 in 10 therefore one might feel BUY is very close to getting its company maker.
Given the size and location of PEP 11 I am prepared to hold for the possibility that BUY could have 15% of a massive asset for very little outlay.
At the end of the day it's either commercial or not, a gamble with quite good odds!
Regards
Pixby
big picture is the drilling of pep 11, page-4
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