let me get this right, SC51 they farmed out 40% and 80% for 1.5m?
Whereas ndo reduced to 33% for a 24m drill spend by shell!!
"Otto has executed a farm-out agreement with SWAN Oil and Gas Ltd to participate in the drilling of Duhat-1 and SWAN will contribute US$1.5m to the drilling of this well in return for 40% equity in the Northern Block and 80% equity in the Southern Block.
Otto has elected to not participate in the Southern block of SC 51, which includes the Argao prospect. Otto will retain a 40% working interest in the Northern block"
Way to sell the farm otto !!
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- excellent summary
excellent summary, page-10
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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2 | 4871 | 0.810 |
1 | 7700 | 0.805 |
1 | 7500 | 0.800 |
1 | 5000 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 100000 | 1 |
0.850 | 12962 | 1 |
0.880 | 6000 | 1 |
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