RIP ADE, page-12

empror,

Not quite so mate. Because if ADE is going to raise funds, they (BPT) will have to fork out some money themselves, or risk being diluted.

Besides, BPT and ADE have some agreements in place that BPT will earn a certain percentage of the oil/gas, but BPT have to pay the full costs of the drilling, exploration, and of course any other development costs.

So, tell me, where is the downfall facing us ?? Nowhere mate. For, for ADE it is all clear sailing from here IMO, while BPT will have to coff up for the drilling, etc. Hence why, it is my opinion, that BPT wants to put a stop to that and get the whole lot.

If they (BPT) are to stop that part of the JV agreement they would be pooing in their own nest and possibly facing legal consequences as a result.

But that is the way I see it, and you can DYOR.

I am very happy with my current position.

Good luck.