If Hawkeye is a wet hole (discovery), OEL will have unbelievable leverage in farming out whatever remaining % of 63% they don't want to keep, and they'll get really good dollars for it. It would be a prudent move.
Post a discovery at H, I'd like to see them retain around 20-25%, which would give a larger player 38-43% WI (RD Shell comes to mind considering Malampaya longevity), and they should also be able to include a free carry on Cinco in any deal struck, imo. At the very least, a less than 1:1 cost.
Also of interest would be what PNOC-EC and Red Emperor want to do with their respective WI's post a discovery.
Speculative.
Capital Return, page-36
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Last
1.3¢ |
Change
0.001(4.17%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $11.13K | 877.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7533795 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11016129 | 18 |
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| Last trade - 14.50pm 03/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |