It could be Freeport drilling instead of paying us out. We then get the Morocco lease back 100%.
There is no doubt this is a company maker. Someone just gave us 3 wells worth $20m and are so confident in finding oil that they will accept a royalty on production. So roughly this adds $20m to the market cap of PVD. Plus a further possible payout from Freeport.
I am virtually speechless, so don't take any notice of my speculation.
Cheers all,
Ann: Rig Contractor To Fund Drilling Costs For Multi-Well Program, page-11
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