This free carry was mentioned in Lattice transaction document as a $49m spend that Lattice is committed to.
It is not exactly clear as to how the $43m will be allocated with the new deal done with BPT. The quarterly presentation and conference call might throw some light.
Had the $43m been spent on the unconventional gas, it will unlikely benefit SXY or BPT.
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- Ann: SXY: Transfer of Lattice gas free-carry to western flank
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Ann: SXY: Transfer of Lattice gas free-carry to western flank, page-9
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