you'll need to go back to announcements in 2006 where BPT would foot the first $20M or so in the permit on an incremental farm-in. Two sets of over budget seismic later, the $20M is spent and the partners are left to foot their own spend. I attended the last AGm where this situation was confirmed by Chairman/MD.
VIC P/46 was given away too cheap. Lessons learnt - still a super permit.
quarterly activities, page-12
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