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BBG and Fifth Creek each will become subsidiaries

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benfrankledger   Saturday, 12/09/17 09:23:33 PM
Re: l_winthorpe post# 59
Post # of 69 
BBG and Fifth Creek each will become subsidiaries of a newly formed, publicly listed holding company; BBG stockholders will exchange their shares for the new company's stock on a one-for-one basis, and Fifth Creek's current sole owner will receive 100M shares of the new stock.

BBG says initial 2018 plans include operation of three drilling rigs on the combined acreage with anticipated 2018 production of 11M-12M boe (~65% oil) and capex of $500M-$600M.

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