Sorry I should correct that yes
BUY have 15% in PEP 11
BPH have 23% in Advent
Both have their advantages.
BUY has an interest at well level but only in PEP11. Their interest can't be diluted easily, unless joint venture funding or something comes in and all agree.
BPH has an interest in Advent which holds other oil and gas assets as well.
I think both companies are going to do great when they announce PEP11 drilling. It seems to me BUY and BPH have a good relationship.
Ann: Response to ASX Price Query, page-57
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