If you look back to the Oil price, market sentiment, and BYE's financial position at the time of OEL's farmin, its safe to say that OEL were in a position to extract a good deal from BYE.
One advantage that's swung BYE's way is that BivPeak and future exploration wells have farmin partners footing mosts of the costs. Any new deals will be struck in a higher oil price environment. Meanwhile OEL remains a farminee.
Ann: Interview by Otto Energy Managing Director Matthew Allen, page-22
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