re: Ann: 09.10.19 GSA Exercises Pre-emptive R... Goldenpig,
Despite the comments at the end of this release that it is unrelated to the current dispute with PXA, I think it indicates that there are lots of things going on in the background that we are unaware of - we just see the results through announcements.
GSG, which is owned 70/30 by EIR and PXA (and therefore effectively controlled by EIR) has now decided to exercise its pre-emptive rights to farm-in to the 25% that was going to be farmed-in to by EIR alone. EIR is going to use some of PXA's money to buy the 25% that it was going to pay for fully itself. EIR has forced PXA to commit to 30% of the full costs of the farmin arrangement ($3m of seismic plus three wells at say minimum $2m each) or somewhere in the order of $3m as PXA's share of costs.
There take that!!!
Cheers
Badfish
- Forums
- ASX - By Stock
- CTP
- Ann: 09.10.19 GSA Exercises Pre-emptive Rights EP
Ann: 09.10.19 GSA Exercises Pre-emptive Rights EP, page-7
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTP (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.8¢ | $2.624K | 53.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 980647 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 189266 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 980647 | 0.048 |
1 | 200000 | 0.047 |
1 | 100000 | 0.046 |
3 | 500000 | 0.045 |
2 | 190000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 189266 | 2 |
0.050 | 100000 | 1 |
0.055 | 450000 | 1 |
0.056 | 178589 | 1 |
0.059 | 25000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
CTP (ASX) Chart |