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clock Created with Sketch. 12/08/24
10:22
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Originally posted by stocksluice:
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I think the chances of Woodside not taking up their option is next to absolute zero. Once they do though, I agree, there is a good chance that they will do what Galp has done, and drill a well or two on their own in order to add value prior to farming down their 56%. On the other hand they may farm down very quickly if the price is right. Here's why I'm thinking that. What follows is 100% speculative.
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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
Last edited by
rooey :
12/08/24
(20min delay)