$110m worth of free carry 4 75pc

for that money you can get a fair few wells drilled,tested and connected,.with cash flowing for nse.

This tenement is now on the block,by the sounds of it.
Go NSE and i only bought because of the under rated Heinschtell field and its upside potential.

One happy shareholder.

imagine this is now a cheap stock if this deal is consummated on this or better terms.
Conoco must be real sure of what's there

Conoco are renowned for just getting on with the job,quickly,quietly and without much fuss and are used to paying what may in effect be a 25% royalty on cashflow common in the US,with current land leases.