Yes but that is why they have gone down this track. If it is a dud, they may choose not to continue with drilling any further wells, and have lost nothing.
If it is a good strike then the value of the SP would have increased and the potential would appear to be a company maker. Any additional costs for future drilling would not be a problem for company or Share holders.
Yes 15% is less then what they have originally held, but 15% of something is better then 100% of nothing.
Ann: BUY PEP 11 Update , page-7
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.492M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1950195 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 6084314 | 7 |
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