Agree with you on that Mr H.
Given the timing issue, if there is a farmin, it will now almost certainly need to include a firm drilling commitment (following the 3D). I am optimistic that the huge recent discoveries and the sense that this is a new oil province will be enough to justify such a risked investment at this time based on 2D-only. On this basis, they will have a bit more time up their sleeve to complete a deal. They will need to negotiate all this in parallel with the Ministry. This would be a good position as it almost guarantees drilling (not 100%), however, a greater-risk investment will see a lower offer (ie lower retained equity). Of course this can all be offset by back-ending with discovery bonuses etc...
FYI, I'm planning on holding and watching this unfold.
Ann: Quarterly Activities Report, page-323
-
- There are more pages in this discussion • 32 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 PCL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $214.9K | 13.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 8053329 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2093428 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PCL (ASX) Chart |