Bottom line is that BRK own 80% of the Rangers leases everyone else own 20%. If the 20% think the well is a cracker then they have the option to contribute 20% of the drill costs and get 20% of the well production.
If they think it is a duster they can opt out and BRK have to stump up 100% of the drill costs.
Given they are participating the big guys obviously know the well is a cracker. Doubling the size of the tank capacity was a give away on the potential.
Dan would probably have a more articulate way of expressing this. In fact he has posted extensively on this topic previously.
Bottom line is that BRK own 80% of the Rangers leases everyone...
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $50.11M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $23.05K | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 25833994 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 54460586 | 48 |
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