My read is that they are going to ask the Moroccans for an extension of the obligations, and if it is granted they will delay the drilling until later (several years) in the hope of higher oil prices.
The $1.5m is to compensate PVD for the potential delay.
If the Moroccan gov agrees, the well will be back on the calendar. If they do not, PVD will be seeking a final payout from Freeport.
My read is that they are going to ask the Moroccans for an...
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HHR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $16.85M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $9.812K | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 13072176 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 5073083 | 8 |
View Market Depth
| Last trade - 15.53pm 26/07/2024 (20 minute delay) ? |
| HHR (ASX) Chart |