I actually dont think its about getting out of Gurvantee's.
Colby comes across postive for the monster it is.
It how do we get true value in our SP for our assets.
Pilot Wells are huge and to paraphrase him its like buying a car, until you look under the hood you dont know what you got so I dont see us moving it on until we know the results.
By then they should know the best option and where TMK sit with Petro.
The fact is there needs to be electricity infrastructure to be built probably relying on govt or petro to build a pipeline for any significant gas volume to be sold.
Just soit balling an option to keep things clean might be to sell our 33% towards end of year for the right amount and then invest say half of that directly into TMK.
Its one way to keep an interest without ongoing admin costs of a seperate entity or a distraction to PB operations. It gives TMK some funds without selling down their stake in the project and allows a new partner to take a decent chunk.
Adds significant cash to fund current projects and or new projects in PB.
What is 33% of 2+ TCF and strong gas flows worth?
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