Base case deal is to get Raf 3C to FID = 2 wells carried plus some extra cost carry for 50%
Upside has option value - question is how do you value it?
Some would see as incentive just to do base case deal
If competitive bidding situation could see some additional benefits such as > earn less %, cash payment up front, event related bonuses ( x $m on FID or first production) and best of all more wells
Dream deal would be 2 wells to earn 25%, option for another 25% with two more wells, and bonus cash / cost recovery / carry for FEED etc - eg carried through to FID with full appraisal and exploration programme
Not too much to ask for
Base case deal is to get Raf 3C to FID = 2 wells carried plus...
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Last
9.6¢ |
Change
0.001(1.05%) |
Mkt cap ! $64.44M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.6¢ | 9.0¢ | $58.54K | 641.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 7967 | 1 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
9.3¢ |
Change
0.001 ( 2.11 %) |
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| Open | High | Low | Volume | ||
| 9.2¢ | 9.4¢ | 9.0¢ | 169687 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| BRU (ASX) Chart |