RE: RE Extending the gaurantee period to post results8 Jan 2021 00:44
If we take the "put" why wouldn't LO exercise the "call"?
What will we know by the 13th January!
Results before 12th February!
We need to be cash rich if we hit oil for farm out £ leverage.
last date by which BPC may exercise the Put is extended to 13 January 2021, but if the Company chooses not to exercise the option the Put will simply lapse - this extension preserving funding optionality for BPC as drilling progresses, consistent with the overall funding strategy; (ii) subject to BPC exercising the Put, the Call must be exercised before the earlier of (a) the date of BPC's RNS announcement of the Perseverance #1 well results and (b) 12 February 2021, failing which, the Call will lapse