Would have to buy them outright, usually a 50% premium, possibly more. So that's now 45 million. Beach doesn't have that sort of cash to throw around at the moment especially with the large capex next year.
They may also have other commitments and costs that are required which might push the cost of acquiring the asset to 50mill+ and we haven't even drilled yet.
Better to spend less in the short term and get confirmed results before moving. Sure the price might be higher eventually but will be less risky.
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