Hi BK
Hopefully some cash soon. Not a big burn rate. $185k a qtr forecast?
The Company entered into an agreement with Westmarket Oil & Gas Pty Ltd (“buyer” to acquire its 100% interest in tenement EP127. The total consideration payable on successful completion of the transaction is AUD$1,500,000, comprised of as follows: 1. Cash consideration of AUD$500,000 At completion the buyer pay the Company a cash consideration of AUD$500,000, less any deposit paid. The Company will be paid a non-refundable deposit of AUD$35,000. 2. Stock consideration of AUD$1,000,000 Issue to the Company the equivalent of AUD$1,000,000 of shares, at a deemed issue price equivalent to the IPO price on the London Stock Exchange (LSE). 3. Royalty Amount of 1% for a period of 5 years The Royalty Term shall be 1% of the net return from the sale of Petroleum produced, removed or disposed of from the tenements during the royalty term of 5 years.
- Forums
- ASX - By Stock
- CND
- Ann: $1.5m Sale Agreement for Southern Georgina Project Executed
Ann: $1.5m Sale Agreement for Southern Georgina Project Executed, page-17
-
- There are more pages in this discussion • 53 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 CND (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.59M |
Open | High | Low | Value | Volume |
3.0¢ | 3.2¢ | 2.9¢ | $22.81K | 762.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29403 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 90000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29403 | 0.030 |
2 | 167446 | 0.029 |
3 | 250100 | 0.028 |
5 | 585703 | 0.027 |
5 | 541576 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 90000 | 1 |
0.032 | 219877 | 1 |
0.033 | 339996 | 1 |
0.034 | 305334 | 1 |
0.035 | 409430 | 6 |
Last trade - 15.36pm 28/10/2024 (20 minute delay) ? |
Featured News
CND (ASX) Chart |