I think the smartest move for Alvares would be similar to ADX in Austria where they farmed out 20% for 50% well
cost so for Alvares a farm down of 15% SGC share 5% XST share for 50% well cost.
SGC still have 35% of the outcome in this instance they'd only be paying for 12.5% of the well cost $0.5-0.75m USD at that point.
If it comes in at 1-2 TCF it'd be massive anyway.
They've shown they aren't too bad at negotiating so surely someone would be interested. It's all in the art of the possible.
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Last
0.5¢ |
Change
0.001(11.1%) |
Mkt cap ! $4.483M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $5K | 1M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 6175000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2755512 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 6175000 | 0.004 |
11 | 19125595 | 0.003 |
7 | 45750000 | 0.002 |
3 | 51300500 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2755512 | 4 |
0.006 | 7178206 | 8 |
0.007 | 6301142 | 4 |
0.009 | 2225376 | 3 |
0.010 | 2966562 | 2 |
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