Wooooo Hooooo Go BPH :)$$$$$$, page-18296

Dyuicus,

Because it is advent that is required to spend on the pep11, not bph.

The answer would be yes completely.

Raising 3m means bph does not need to touch there existing 5m funds. Smart actually.

Looking at the term sheet for bph.

2.5m fund and explore oil and gas investments.
0.3m fund cortical
0.2m working capital

Double checked the term sheet.

So in the last two weeks.

1. Nopta makes recommendation.
2. Bligh advises advent organising bluesea well.
3. Nsw gov Rattles the cage to halt it.
4. Just 1 Day after it rattles cage, bph goes to raise 3m.
5. Advent also raises capital.

Not hard to join the dots here.