jt
dont think it will be a takeover. trade sale of a stake is much easier as they only have pre- emptive rights to deal with. that agreement is for p398 only, 314 & 315 are not on line ( assume they would similar ) 398 was awarded after the original farmin . thankfully cop/ kar were succesful as most of the field is in 398.
$300m sale price is a fantasy. no way will it be that low. if it was, i would be joining black swan in his journey to mt martha with a torch and a pitchfork.
my thoughts were $700m for 30% , maybe with some milestone payments / carry on balance of fid program. STO would be very keen to get a seat at the able here ( so would a few others as well ) . dont think they are only negotiating with only 1 party.
as far as spin off, sure it would be possible, but there would be a myriad of tax issues . any brazil / peru tax experts in the house ?
bottom line, none of us know , however besides the grace debarcle, every deal these guys have done has been good. lets hope they are back on their game and bag a winner.
jtdont think it will be a takeover. trade sale of a stake is...
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Last
$1.84 |
Change
0.030(1.66%) |
Mkt cap ! $1.452B | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.85 | $1.81 | $2.319M | 1.274M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 31280 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 11916 | 15 |
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| Last trade - 11.49am 31/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |