Advent will own up to 85% of the PEP11 basin under the current agreed equity structure with BUY retaining 15%.
Advent is 80% owned by MMR, roughly 10% by Grandbridge and 10% by Ken Talbot .
It is not confirmed that Advent will float (IPO) and it is still a possibility that sufficient funds will be received to drill the prospect within the current Advent ownership structure .
If the IPO option is chosen then MMR will continue to retain a controlling ownership/equity in Advent post IPO .
Drilling is estimated to begin within 3 to 9 months .
Any IPO will not necessarily happen before drilling begins, and no IPO time frame is confirmed .
Potential farminees have also been spoken to .
From what I can ascertain from MMR management, they will retain a significant equity position in PEP11 regardless of what Advent management choose as a method for raisng funds to drill . Advent will continue to be majority owned by MMR .
- Forums
- ASX - By Stock
- MMR
- advent to go to ipo
advent to go to ipo , page-3
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.236M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MMR (ASX) Chart |
Day chart unavailable
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online