If BKP can do an asset swap, i.e. exploration for NTPA that would be great. Not a deal seen very often.
If it’s West Africa, maybe look at Nigeria, lots of undeveloped oil fields but with large country risk and expensive.
Conversely if WPL etal think that BKP acreage is really prospective post geophysical survey interpretation they might just buy the whole company.
Just a thought to consider if BKP share price falls much further.
T/O deal at AUD 20.0 million (half current SP) for WPL could make sense then as the cost of the farmin free carry for BKP 25% = USD 6.0 million say AUD 8.0 million or the majors might just leave BKP to sweat and be force to farm down further.
Isn’t that what is happening now?
BKP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
