BHBPBorderline High Blood Pressure
BHBPBroad Hollow Bioscience Park (New York)
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The new dividend policy will provide BHBP with financial flexibility.
If BHBP elects to drill only the first deepwater exploration well then BHBP will transfer back 30% interest and operatorship of SC55 to Otto.Any farm-in by BHPB will be subject to the negotiation of formal farm-in and joint venture agreements and all necessary approvals being obtained from the current Joint Venture partner and the Philippines Department of Energy.Otto has recently completed the acquisition of 600 km2 of 3D seismic in SC55 and is pleased to be working with BHPB to acquire and process up to an additional 2,000 km2 of new 3D seismic in the Service Contract.