Gassed Chevron haven't just plonked $349mil into 218/855 at all!! If stage 1 is successful they have the option to proceed to stage 2 and beyond. If that happens, only then will BPT get the full $349m.
Even after getting pulled up on it repeatedly you continue to take the agreement way out of context to hype the company. You crave credibility yet sabotage it through inaccurate and distorted posts.
There is no doubt 855 holds a lot of gas. It's very likely a proportion is economically viable. What's tricky is hitting those sweet spots. If the joint venture misses the ball on that one its going to be very damaging to ICN. BPT can absorb and endure that potential scenario, ICN much more vulnerable.
This is a very risky play. Punters need to understand this. Your posts always have an air of its already locked in for success. At this stage it's still simply highly speculative.
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