RE: The Executive Order23 Jan 2021 20:11
From me memory BEX had the original play and we’re looking for partners, this was 88e and another funder. The other funder walked away and 88e stepped up and took a majority of the interest as a reinvention, post Tangiers.
This is why on a number of communications you’ll see a gross WI and a ‘net to 88e’ which strips out BEX’s WI. That was project Icewine. Since then some of the additions such as peregrine and Umiat, I believe, are 88e ventures and have been funded solely by and sole WI for 88e (pre any farmout) which is probably why they use different subsidiaries.
Your turn, care to elaborate in the material headline differences of private companies, public companies, charities, trusts, government bodies and quasi government bodies in your vast experience?