I don’t think PEP11 will be effected by global markets at all
it is in a world of its own because there is no supply. You can’t tanker gas from WA cheaper or overseas. That’s why the price is so high there.
if there is maybe $30bn of gas and cost $20M to explore they will 100% get funding. it’s just a matter of how much dilution.
id like to see a big name put up $20M for like 20-25% in JV
Ann: Placement and Rights Issue, page-185
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