GBP 0.00% 2.5¢ global petroleum limited

third time lucky?, page-9

  1. 855 Posts.
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    So the GBP directors have cross holdings in Tower. How are they Tower's cash cow? That was your claim. What I can see is GBP fund the first well, to farm-in and it fails. To retain their 25% they pay 25% of the next, while Tower pays 75%. I don't see how GBP is Tower's cash cow. The likely options for a third well would be a farm-out or GBP bank-roll the well for greater interest. Should GBP bank roll a potential third well (looking likely) then your claim can be substantiated. Till then, like mak said, rubbish.
 
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