If it is 20% of 2.2bb, it is then further reduced to 13.4% as our partner would then own the other 7.6%
That's only about 300 million barrels overall to 88E (at best), I am guessing our chance of success would possibly be similar to Winx
Therefore IMO 300 mil barrels with a chance of success in the region of 20-30% there is no way the market cap would sustain a $100 mil market cap.
NO deal, better to raise the money ourselves in a CR than a FO IMO
Surely a CR is less diluting for share holders, if we are expected to give up 80% for the cost of a couple of drills.
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Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $78.15K | 38.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
122 | 120098264 | 0.2¢ |
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Price($) | Vol. | No. |
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0.3¢ | 583908266 | 234 |
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No. | Vol. | Price($) |
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116 | 118403264 | 0.002 |
388 | 1032611335 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 545953896 | 226 |
0.004 | 179371575 | 111 |
0.005 | 54389555 | 44 |
0.006 | 45408654 | 34 |
0.007 | 86535608 | 26 |
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