You have seismic that’s wow. Again on paper this is a 70-80 million market cap not a 160 million market cap. You have proven nothing and when you do the deal is as follows:
- PCL pays for 50 percent of the drill you get 20 percent of the oil which 35 percent is tax and 5 percent royalties meaning you take away 12 percent of the oil - PCL doesn’t pay the well they get 10 percent of the oil abd still 35 percent tax and 5 percent royalties to Namibia
That’s if there is a seal, trap, reservoir, porosity and permeability which IVZ has already proven up and that’s why to value PCL more than IVZ is laughable right now but I’ll keep buying PCL
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