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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Bridge Resources Corp > Financing
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Comment by TO1on Jun 15, 2008 11:58pm
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Post# 15187692

Financing

FinancingJust going over some of the last posts and one of 2t3m's posts states that BUK has already farmed out the last 25%WI in the N. Piper well as they now have 50%WI. Looks like they got the same deal terms (25%WI for 37.5% of costs) as in the 1st 25%WI farm-out. That leaves them with only US$4.1 mm costs (25%) that I speculated in the past. Shouldn't be any problem with the $ onhand to drill it and that should put that argument to bed IMHO.

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