Hi GF,
correct, we don't get full value, we get a fraction of this because so many variables are up in the air when only a pilot program of three wells (on the best patch) of a massive resource area has been tested. There will be discounts upon discounts but there will still be a reasonable pay day in the scheme of things. Petro (or who ever) can sit at the table with TMK and discuss coals/geology/infrastructure etc etc until a resolution is agreed.
We will eventually get something for the exploration risk taken but it will never meet the expectations of all shareholders. There is always a dreamer or two.
Now that the pilot is under way the next step is to go exploring via step out wells that prove the coals are consistent (or not) across the larger resource....if they keep hitting comparable coals to the pilot and the pilot delivers good results, we get more!
- Forums
- ASX - By Stock
- TPD
- Ann: TMK: Lucky Fox - 3 Drilling Completed
Ann: TMK: Lucky Fox - 3 Drilling Completed, page-44
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)