If BPH gets a bigger percentage in Pep 11 are they expected to fund a higher percentage when they start drilling?
eg. If drilling will cost 20 million dollars, will BPH have to fund 36% of the 20 million because they own this much?
if so then BPH will need at least another $7,200,000 to fund their sharer of the drilling which is 36%.
what do you guys think is this correct or will we be giving away some of our holdings percentage to fund the drilling?
Ann: Placement and Rights Issue, page-67
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Mkt cap ! $21.80M | |||
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| Last trade - 13.24pm 05/06/2024 (20 minute delay) ? |
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