Lakey5,sounds like you got burnt - did you get in prior to BPOs...

Lakey5,

sounds like you got burnt - did you get in prior to BPOs investment in Frontier?

BPO appear to have got very confused about their Frontier deal, if you look at the dazzling array of retractions and re-statements they made from March onward. They are clearly not oilmen.

in their 1st march release, they state that their 2nd option to buy up to 50% in Frontier may be exercised upon spudding of the SC55 well. obviously that hasn't happened, so there must be another reason why, presumably connected to the SC52 re-entry. maybe good news is on the way?

it seems clear that BPO do now have a 50% interest in Frontier, which itself has a 80% interest in the SC52 well.

the management looks like a mad womans breakfast, but hopefully the oil and gas assets will do the talking. its a punt