more likely scenario is that Hillcorp buy out the JVP portion of...

more likely scenario is that Hillcorp buy out the JVP portion of the leases to start with if they want to expand their acreages. Why not start with another 50% of what you already have? How that all works in terms of Australian shareholder approval etc. is another question altogether? If you've got $300m to spend, and you've done due diligence on a field, tested it (albeit very limited tests), and you are confident you can turn your 300m into several billion, you'd pull the trigger.