bkp pioneering hori.drill & fraccing in aus!

How mammoth is this going to be I wonder? This little Aussie oil explorer that has never produced anything is set to introduce and unleash horizontal drilling and fraccing technology to Australia.

The Georgina Basin is being compared to the Bakken by a North American company that has successfully worked the Bakken. This same company is our JVP here. If anyone would know what to expect it's them. They believe this is the next Bakken and have come prepared to horizontally drill and frac these wells. No messing about. No let us drill first and then we'll figure out what to do next (like a silly neighbour of ours is doing as we speak). We have about 5 previously drilled wells (most of which showed live oil) that they plan on re-entering to drill horizontally. Now that is nothing to sneeze at. Spud is slated for early feb. Just imagine we hit paydirt on the first well. You will just have to shut the gate I think.

I had a dossier on BKP a while back that I seem to have lost. Can anyone clarify the terms of our JV agreement? I know we are free carried for the first well, but what is our WI, and all the other terms and conditions? The Canadian's Ryder Scott report and the BKP website seem to be contradictory to one another.

Thanks and GL all.