The chance of COI becoming a stand alone producer at Mahalo is almost non existent unless COI’s either buys out either/both Santos/APLNG 30% share which although not totally impossible is extremely unlikely – or – works a deal whereby COI takes Mahalo to production kicking back 60% of net production to Santos/APLNG which is equally unlikely.
Mahalo will be brought to production but before that point either we will be bought out of our 40% share – or a deal will be struck whereby we get 'free carried’ to production with our share of the upfront Cap-Ex to get us to that point being accounted for against our share of future production – alternatively we will be stumping up our 40% share of that cost to get us to that point.
I believe it’s too messy for the likes of Santos/APLNG to have COI sitting with 40% of the gas in Mahalo – they were happy to let us take the risks getting it proven up knowing that if we didn’t hit certain set objectives - that the cost that we bore on their behalf would not be refunded to us. We hit/exceeded those objectives and we were refunded.
Moving forward having used COI to take the risks – they will surely want 100% of the future rewards and a deal will be cut – the shape/size of that deal will unfold when the time comes.
All a matter of timing – ‘when' rather than ‘if’ - in my opinion.
As to whether COI will be split down the middle with just Mahalo being sold off or whether the whole company will be taken out – that’s the big question as I see things…
- Forums
- ASX - By Stock
- COI
- Santos East Coast playbook
Santos East Coast playbook, page-17
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COI (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $182.7M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.0¢ | $202.5K | 1.232M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 202716 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 270000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 162716 | 0.160 |
4 | 277419 | 0.155 |
5 | 435301 | 0.150 |
2 | 106889 | 0.145 |
1 | 185000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 270000 | 2 |
0.175 | 550527 | 3 |
0.180 | 408149 | 8 |
0.185 | 140000 | 3 |
0.190 | 32500 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
COI (ASX) Chart |