If Statoil don't like the results from these first few holes, this JV will not even get off the ground. I think Petro Frontier has jumped the gun here, and could have gotten a better deal after initial results, if results are good.
If results do prove to be good, then Baraka in comparison should be valued between 3.5c and 5.5c ...
petrofrontier corp. announces farm-in agreemen, page-35
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