battle not the war, page-63

As it stands now I wonder if BG has taken this course of action as it represents their lowest risk and offers the best Win/Win solution for them. If they were to go in with CTP there was a chance of it being a Win/Loose situation.

For instance if BG puts in money to drill and does not find anything they loose their money. they move to the next patch and do it again. With potentially the same results, i.e. their loose their money. If they find something they win. Now given the number of different permits they may figure they win on some the loose on others, but their is also a chance they loose on them all, hence loose $100m+.

Their current position is CTP you drill and if you find something we will pay a higher fee than the original drilling costs and take back for our 20%. But that 20% would eventually come from any proceeds of a find. So they pay for no dusters only those that look commercially viable that will repay their costs. Are their unscrupulous enough to do so.