If it is 20% of 2.2bb, it is then further reduced to 13.4% as our partner would then own the other 7.6%
That's only about 300 million barrels overall to 88E (at best), I am guessing our chance of success would possibly be similar to Winx
Therefore IMO 300 mil barrels with a chance of success in the region of 20-30% there is no way the market cap would sustain a $100 mil market cap.
NO deal, better to raise the money ourselves in a CR than a FO IMO
Surely a CR is less diluting for share holders, if we are expected to give up 80% for the cost of a couple of drills.
If it is 20% of 2.2bb, it is then further reduced to 13.4% as...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $27.03K | 13.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 359 | 956509315 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 8325743 | 6 |
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| Last trade - 14.55pm 08/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |