What's next for BKP? Quite obvious,really! To continue with the current Phase-1,(2012-2013),drilling & fracturing program,once the necessary drilling and fracturing equipment has been contracted and deployed..
To date, there has been a deafening silence, and a complete lack of communication from ALL three parties involved:-PFC,BKP,and,to a lesser extent,Statoil!
"PETRO-FRONTIER will be the operator"...Unfortunately,in my opinion,their track record,to date,has been demonstrably woeful:- poorly managed,inconclusive,unproductive,and wasteful of both time and money! As my old Mum was wont to mutter,"Son,those mugs couldn't manage a piss-up in a Pub!"
As per the terms of the Farm-in Agreement:-
"At the END of Phase-1 ,Statoil will have the option to acquire 25% of PFC's working interest"..That,of course, according to the published timelines, will probably not happen before the end of this year,2013..
What's next for BKP? Quite obvious,really! To continue with the...
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