A truly comprehensive coverage of the of the unfolding events but there is a fourth option ive attached
4. PNOC EC signed a Letter of Intent (LOI) to Nido to farmin to SC 6B and participate in the drilling of the Cadlao 4
well on the following terms:
• PNOC EC to acquire from Nido an undivided twenty percent (20%) participating interest in SC 6B for the
drilling and EWT of the Cadlao 4 well.
• PNOC EC shall pay to Nido prior to and during drilling and EWT operations:
o US$3.34mm to be paid upon execution of a binding farmin agreement to be finalized no later
than 31 July 2023.
o Up to an additional US$10.01mm to be paid upon cash calls as operations commence. The final
amount is dependent upon actual approved costs by the regulator the Department of Energy
(DOE).
• PNOC EC farmin agreement to SC 6B shall be subject to DOE, and the usual respective Board and Joint
Venture approvals
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 17243470 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 3792562 | 4 |
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5 | 14333666 | 0.002 |
6 | 52900500 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 3792562 | 4 |
0.005 | 4750245 | 4 |
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