bpt vs icn, page-14

BPT are only releasing what they have to on the shale permit of 218. Lots of players seeing potential in Cooper shale now; DLS, STX, SXY, STO... BPT, and by luck ICN, have had 1st mover advantage by securing what looks to the best acreage in the basin for shale. Enough holes have been drilled in the Cooper to understand where the sweet locations are for shale...Reg Nelson is an Cooper basin oilman from back in the day!

ICN would be mad not to clean this up with BPT, and fast! I guess recalcitrance is an art to some, including the CEO of ICN. btw, recent preso was a bit of a waffle...

ICN want a better deal from BPT or they want someone else who'll pay a better price. Makes sense but a deal is also a deal. I see a compromise on 855 with BPT paying a little more but not near what ICN (or loyal shareholders) have dreamed about...