Very well put. This deal has given the company a way forward with choice and minimal risk. For instance, lets say they win a couple of new licenses, they can easily work these up to Concept Select with the available capital at their disposal. Additionally they can use future production revenue to fund Phase 2 and 3 of P2607 which will be much cheaper to get into production. In essence, they are now in a position to potentially become multi field owners without having to go back to the market for additional capital.
I am really looking forward to FDP, FID and some new leases. The first 2 seem to be a given, the last is cream on the cake.
Once the market fully understands this, we'll be well north of these current share prices.
Very well put. This deal has given the company a way forward...
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0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $16.85M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $9.812K | 1.635M |
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| No. | Vol. | Price($) |
|---|---|---|
| 26 | 13072176 | 0.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 5073083 | 8 |
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| HHR (ASX) Chart |