RE: Farm-in by a major? Analysis as at 27/10/2027 Oct 2020 07:11
The exclusive major in 2018 was running down the clock. They were suspected of stretching it out to the point where BPC lose the licence for The Perservernce block as well as run out of money. That was suggested by Eytan after the last presentation that was their suspicion. Also, it was mentioned that if the major had offered an 80/20 farm in they would have bitten their arm off, suggesting that the major didn’t go further than a low ball offer. Interestingly, it was confirmed that same major is still hanging around.