FAR 2.20% 46.5¢ far limited

To give away 40% of an 800m Barrell prospect with what they say...

  1. 312 Posts.
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    To give away 40% of an 800m Barrell prospect with what they say has a COS of 55% (so a coin toss chance that the farmin partner will get say 40% of $2.4B ($3/Barrell x 800MBs) = $960M ) ..... $60 bet on a coin toss anyone, you win and you get $960???? ...... sorry I expected something with a little bang to be honest, maybe 2 wells ..... this is something would have expected for a 200MB prospect with a 25% COS .... know I'll be crucified for this comment but I'll call it as I see it, not a downramper, just a little disappointed as if truely 55% COS then would have preferred them to raise and go it alone than accept those terms (but I'm probably more of a gambler than most) ...... Still holding on long term anyways. GLTA
 
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