Strike didn't farm into the JV they got it as part of the TPD transaction. They didn't "hate" the JV as much as TPD's Mongolian junk which they were forced to spin out but they have not made much noise about being in the JV.
While NZO like to fly under the radar they are backed and 70% owned by Ofer Global who are major players globally. If NZO/Ofer wanted to they have the financial muscle to increase their holding. They also have their sub. CUE and partner Horizon who could come in with them.
IMO if the JV drilling program is successful TEG will want to farm out another 25%. Either STX or NZO could go to 50% and operator. Alternatively a new party might pick up 25% TEG and 25% STX and bevome operator.
Strike didn't farm into the JV they got it as part of the...
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2.0¢ |
Change
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Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $36.09K | 1.804M |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5508160 | 2.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 4198018 | 8 |
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