BPH 9.09% 2.0¢ bph energy ltd

Except I doubt that the Advent/BUY joint venture will need to...

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    Except
    I doubt that the Advent/BUY joint venture will need to give away 40% of the lease to get the funds for 1 well.

    $20 mill +/-

    This is not a lot for the bigger oil/gas companies.
    And while the big boys will be very hard nosed in the negotiations,
    the risk / reward will be attractive.
 
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