positive signs, page-33

ICN state that they have an 80% working interest in 855 and is the Operator, the remaining 20% is owned by 2 100% owned subsidiaries of ADE (Deka Resources and Well Traced, 10% each) which they bought in Oct 2010. Looks like they have made a very timely decision. (Is ADE becoming a strategically attractive takeover prospect?) BPT wants to earn a 40% interest in 855, it doesn't say if that will all come from ICN's 80% or from the entire 100%. That will come out in the wash soon.