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clock Created with Sketch. 15/06/24
07:58
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Originally posted by Onspeed:
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Something that moves the needle would be a farm-out. Once there is definition around drilling of a prospect the market can start pricing in towards that target’s resource estimate. There are specific calculation models to value a drill which accounts for risk etc, and as the drill nears the price should float towards that value, in a perfect world that is. It may overshoot, or undershoot
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With the portfolio is it conceivable that there is multiple farm outs this year? I’m not sure how it works, but do the new licenses lend the scenario where something like this could occur?
