I get the impression AKG were instrumental in the formation of...

I get the impression AKG were instrumental in the formation of BUR. They needed capital for the drilling program so they decided to 'farm out'. Some went to sterling and BUR was formed so they [AKG] could, in a round-about way, raise capital via an IPO. BUR was formed, AKG gets a slice of BUR then capital raised is used for the drilling. This is also the reason BUR was offered in at 'ground floor rates' i.e AKG doesn't get an extra cut from BUR being involved but they do get a share of the profits via their shareholding in BUR. AKG are bacically running the program as they are the official 'Farminers' but they din't get an extra cut. This is great for BUR holders (them included). Is a little complex but I think the 'conflict(s) of interest' are a good thing.