"It is on the public record what interests in each service contract Nido did intend to retain (look back at the "value to Nido if a discovery" slide on the 5 well drilling programme (which we are currently 1/2 to 2/3 of the way thorugh on the public timetable)."
All I see is...
SC54B Gindara WI 35% Value $2.22 ps
SC63 Aboabo WI 50% Value $0.70 ps
SC58 Balyena WI 10% Value $0.56 ps
SC63 Kalapato WI 50% Value $0.76 ps
SC54A Laawan WI 42.4% Value $0.08 ps
All values are now subject to change due to the extra shares in circulation (above values based on issue of 1,052m and USD/AUD = 90c), 2% less WI in SC54B, and changes in value between USD/AUD/POO.
Interesting that they retain 50% WI for SC63 (no farmout)...wonder if that is still the case.
Not quite sure what you were getting at with that last para, but thought you may have implied no future interest in retention of SC54A???
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