I read Tullows presentation. It seems they want to remain in the JV, but more as a marketing partner, to get someone else to drill. Its 15m drilling budget for this year will be limited to kenya i would think.
On the good side, that does at least demand that tullow has to get moving on farming this out.
If PCL had let Tullow walk, it would have been in a better financial position, with more equity, but it would have looked bad. Hence the marriage of convenience.
This will be do or die. But if a drill happens it looks a multi bagger
I read Tullows presentation. It seems they want to remain in the...
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Last
1.6¢ |
Change
-0.001(3.13%) |
Mkt cap ! $126.0M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $26.01K | 1.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 10540404 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2461617 | 7 |
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| Last trade - 15.47pm 08/10/2024 (20 minute delay) ? |
| PCL (ASX) Chart |