BPT 1.88% $1.57 beach energy limited

to quote your post in part"Under the terms of their agreement:•...

  1. 117 Posts.
    to quote your post in part

    "Under the terms of their agreement:
    • The Federal Court proceedings will be discontinued;
    • Icon has now transferred a 40% interest in ATP855P to Beach (subject to Ministerial approval);
    • Beach will drill a horizontal pilot unconventional well into one of the strata comprising the Roseneath, Epsilon & Murteree sequence, then case and suspend the well, suitable for fracture stimulation, which is expected to occur within 30 days of rig release from the well; "

    it does say Horizontal well, which Hlifax is not !.
    so it seems there is parts of the JV still to be met before BPT earns its 40% with ICN

    what do you think ?

    bliss123
 
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