I think the smartest move for Alvares would be similar to ADX in Austria where they farmed out 20% for 50% well
cost so for Alvares a farm down of 15% SGC share 5% XST share for 50% well cost.
SGC still have 35% of the outcome in this instance they'd only be paying for 12.5% of the well cost $0.5-0.75m USD at that point.
If it comes in at 1-2 TCF it'd be massive anyway.
They've shown they aren't too bad at negotiating so surely someone would be interested. It's all in the art of the possible.
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Mkt cap ! $4.483M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 6474000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 4995363 | 2 |
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No. | Vol. | Price($) |
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6 | 6474000 | 0.004 |
20 | 45840279 | 0.003 |
11 | 48083666 | 0.002 |
3 | 51300500 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4995363 | 2 |
0.006 | 6178206 | 7 |
0.007 | 8726650 | 4 |
0.009 | 1225376 | 2 |
0.010 | 1066562 | 2 |
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