RE: More Great News.29 Oct 2021 18:18
Thebhoys. Read the RNS again as it means a lot more than that, in fact, I don't think they mention selling anywhere in the RNS and facts are always better than guesswork. The detail is in this part:
"A unit agreement is for oil and gas exploration, development and production for separately owned leases and interests within a set boundary. The entire unit area is operated as a single entity, without regard to lease boundaries, and allows for the maximum recovery of production from the reservoir. Costs are reduced because the reservoir can be produced by utilising the most efficient spacing pattern, separate tank batteries are not necessary, and there is no requirement to drill unnecessary offset wells. The objective of unitisation is to provide for the unified development and operation of an entire geologic prospect or producing reservoir so that exploration, drilling, and production can proceed in the most efficient and economical manner by one operator."