Baraka is inevitably involved just by existing with Statoil...

Baraka is inevitably involved just by existing with Statoil under their JV doing all the spending and work etc... I can't see that BKP has any requirement to spend certain amounts of money.. Somebody might correct me on that...but it isn't mentioned in any of the reports on BKP that I just read from their site.

BKP in their prior statements were hopeful that Statoil would investigate their conventional oil prospects..

barakaenergy.com.au/reports.php
"Baraka commenced a Joint Venture with Canadian based PetroFrontier Corp.(The Operator) in April 2010, where Baraka retained an undivided 25% working interest in both EP-127 and EP-128(approx 2 million net acres) plus an undivided 75% working interest in approximately 75km² around the Elkedra-7 well on EP 128..........
...................
Baraka is hoping that Statoil will
consider testing those targets in the
course of its future exploration and
drilling programs.
With Statoil committed to spending up to
$175 million on exploration activities in
its Georgina Basin permits by the end of
2016 and Total planning to outlay up to
US$190 million on exploration programs
over four blocks, including EP-132 which
adjoins Baraka’s EP-128 permit, and the
others sitting to the south of EP-127,
Baraka and its shareholders are in for a
very exciting ride on the back of these
global oil and gas giants and some world-
class prospectivity."

So I am curious as the wording of the trading halt, as BKP need not do anything that I can see, though it may want to encourage Statoil to look at its conventional prospects..and may be proposing something on that? Guessing of course.

But also what were BKPs requirements under the exploration lease from the NT...