Ann: Rey acquires 50% interest in the Derby Block, page-6

My initial thought is that Backreef is trying to force some sort of conclusion to the initial deal signed by BRU. As they are basically giving the 50% away.... possibly for a 2% royalty, with no cash...

It does clearly muddy the already darkened waters in regards to the legal battle going on. I mean, OBL is in dispute with Backreef for the initial sale to BRU, this is another sale...? Ha. Selling something twice, that would be an impressive outcome for Backreef.

Getting a bit ridiculous. Clearly Backreefs other acreage to the south east of the Canning has become much less valuable, due to all the delays BRU has faced, plus the total failure of NSE to have any success.

What a saga.