Is ICN gonna get some hard cash out of this deal?
Currently own 100% of Icon drilling pty ltd. Petrosun gets 55% of shares ICN retain 20% and remaining 25% go to presumably IPO for capital raising. Does ICN get some reimbursement for 25% it appears to be selling?. Lots of questions to be answered here, despite not looking at it favourably starting to get interested, especially if there can be a revenue stream from carbon credits.
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