Wasa from what I can tell (bit of quick comparison) the deal is a bit like this.
ATP 574P VicPet held 30% of target 150PJ 3P initial this exploration is still at the earlier stages by the looks but is being drilled by QGC. Production testing is scheduled for march start for this patch.
I cant even find the other permits that are being given up as part of the deal? + I dont really understand the split of what VPE is buying?
The consideration is what 8mil cash, + circa 5m (todays vicpet val of shares) + what ever the shares in those other perimts are worth (as I said I cant find the info on them)
It feels a bit like VPE are trying to clear house a little bit to allow a cleaner move by someone like QGC? All though there is potential new acerage with BOW on their website?
Bottom line is I am not sure at all. I would have liked a statement from VPE about this transaction. Too much to ask I suppose.
Sorry I couldnt be of more help Wasa.
VPE Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
