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23/11/12
07:16
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Analysis
BPCL’s decision to progress its investment in the Arrowsmith development is a major vote of confidence for the project.
Although terms have not been disclosed, the involvement of BPCL has potential to change the valuation dynamics of Northwest.
Even a starting investment will effectively underwrite Norwest by de-risking development of the project along the way.
This backs your statements up. Copy paste, part of article from proactiveinvestor .