Heck of a mis quote on flows... Sure rj is trying to correct it,...

Heck of a mis quote on flows... Sure rj is trying to correct it, maybe rj
Spells flowrescence with a w instead of a u. ;)

Anyway, gassed, come on man w the beach stuff, seriously

You keep on about ade going for nothing, yet bpt picked up 40% of 855

For a cup of coffee. 16 mill spend in the ground, of which 60% is bpt share and 40% is icn share. So a better way to look at it is beach paid only 6.4 mill, because that would be icn's share. Oh right, not to mention the 1-2 mill icn has to pay first. Why would you buy into icn when u can pick up half there only good tenement for about 5% of their mc?

This 40% is by far the cheapest deal in the basin to date, period

As to icn, they are the new ade, and by the end of the second well,

Either us shareholders are going to have to stump up some serious cash,
Or we are going to have some big brother with a 20% holding. Shale is a game that you need some luck and some deep pockets, and so far I'm
Not convinced we have either