Anyone got an idea on a possible sale px per barrel liquids on Dorado? Assuming a 5% sell-down, 160 mill liq = 8 mill barrels at say $Usd 7.50 barr or $10 Aud (perhaps too high?), would yield $80 Aud mill. Cap cost after sell-down = 75% of $534 mill Aud or $400 mill. If 60% of that could be debt thats $160 mill equity less 80 from sale leaves 80 mill. We have just banked 70 mill from the equity issue so a 5% sell-down appears very doable to me, esp with a 5% sell down of Pavo (after successful appraisal).
News: CVN Carnarvon Energy Will Issue 234.8 Million New Shares At A$0.30 Per Share, page-55
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