Okay,
I am little confused here(an beleive me that doesnt take much !!)
The last cap raising they had @.45c was to ensure they had enough money to commit to drill if need be..
so if they give the farminee the whole 70% then what happens to the money they raised do they just bank it?
Wouldnt make sense would it?
My take on the minimum 20% is just that.. the bare minimum they will have left after the Farminee is going to 20% in other words do not be at all surprised if it turns out to be more.
Like i said..just my take on the wording..
- Forums
- ASX - By Stock
- MEO
- petrobras 4th quarter and fiscal year results
petrobras 4th quarter and fiscal year results, page-43
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online