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12.5% 0.9¢ emperor energy limited

Re the Backreef Area: OBL got 80% after a settlement with BRU,...

  1. iona
    756 Posts.
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    12/08/10
    14:47
    Post #: 7012096
    Re the Backreef Area: OBL got 80% after a settlement with BRU, with BOL having the other 20%. OBL agreed to fund the Backreef-1 well and got agreement to a further 10% off BOL in return for a carry of their remaining 10%. BRU has a backin right to 30% (on, from memory a payment of 90% of Backreef-1) but no present participating right to any percentage.
    OBL Price at posting: 5.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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