ICN up % wise more than BPT. Correct.
But BPT making new highs every week. Whereas ICN share price only going back to normal from those big dives it had months ago.
The only deal I can see with BPT and ICN, is that ICN cannot fund further exploration work on ATP855 after the 1st $16m paid by BPT exhausts on the 1st well, further wells will need another $17.5m etc. So ICN may choice to farm-out another 15%-20% of ATP to BPT in return for further funding by BPT on their share of costs in ATP855.
Highly doubt a takeover. What can BPT do with that much unexplored CSG tenements in the Surat-Bowen Basins?
ICN up % wise more than BPT. Correct.But BPT making new highs...
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