There seems to be a misunderstanding about your concern with possible cash calls for this initial drilling program by Statoil. IMHO. Because Baraka has elected to reduce their interest instead of contributing cash for their share , there obviously will not be any demands for funds at this stage.
Hopefully they are able to meet their commitments re legal fees and other costs until the final results are announced. The better the results ,the more possible options we will have.
I am looking forward to the quarterly due at the end of July, which may possibly have some more details about the settlement and their cash position.
Good Luck . Klaas DYOR
BKP Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
