Remember this extra 10% that will probably come into the mix as PCL probably won't raise the funds for their portion of a 2nd (or more) drill (I don't want a new CR either). So you can add another 10% ownership in these negotiations....
1 March 2023
"If the PEL 87 parties elect to drill a second well Pancontinental will have the right to either fund its 20% interest, or elect to have a 10% interest in the well carried by Woodside in exchange for transferring an additional 10% interest in the PEL 87 licence to Woodside"
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