Comet Ridge has executed a binding agreement to acquire APLNG’s 30% interest in the Mahalo Gas Project
However, Santos firm option to acquire 12.86% of Mahalo from Comet Ridge (STO to 42.86%) at proportional acquisition value Expansion option – Santos right (on terms to be agreed) to Mahalo interest to 50% and acquire 50% of Mahalo North and Mahalo East
Consequently, if SANTOS exercise its options, COI will only be acquiring 10% of MGP for $6.67M (depending on negotiated terms) but will also be selling 50% of Mahalo North and Mahalo East for a price to be determined.
Consequently, depending on prices to be negotiated and Santos exercising its options, the rearrangement could end up cash neutral.
Regards
SP
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $183.2M |
Open | High | Low | Value | Volume |
16.3¢ | 16.5¢ | 16.3¢ | $64.32K | 389.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 132894 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 167348 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 132894 | 0.160 |
5 | 523000 | 0.155 |
7 | 614801 | 0.150 |
1 | 100000 | 0.145 |
1 | 185000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 167348 | 4 |
0.170 | 413399 | 7 |
0.175 | 195181 | 5 |
0.180 | 300372 | 6 |
0.185 | 70000 | 2 |
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