PCL 5.88% 1.6¢ pancontinental energy nl

.08 last minute, page-44

  1. 352 Posts.
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    My guess:
    • 15% retained
    • Big 3D seismic survey (~US$30m gross cost)
    • 1 firm well (capped at US$70m gross) + 1 contingent well (capped at US$70m gross)
    • US$20m cash

    That's a US$15m (US$25.5m if cont well drilled) work activity carry +US$20m in cash = US$35m (or US$45.5m) value + risked value of success.

    Or an unorthodox offer/deal from left field...
 
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