Also this farm-in agreement announcement is only a few days after PFC had reached 501m on the horizontal. I'm going to assume that the first 501m horizontal must've been pretty good to attract such a favourable deal with a major like Statoil and also the decision to continue drilling the horizontal length to approx 1000m.
Jubber - i suspect it's the raising of subscription receipts of $1 for $15,000,000.
BKP Price at posting:
1.2¢ Sentiment: None Disclosure: Held
