Serial, I don't think you can just break up the value of the farm-in based on expenses. The point is the projects now have $200m+ of potential funding and it decreases uncertainty. It would be very hard to raise that on market - imagine the dilution and the constant uncertainty of future CRs(i believe this would be even worse for PFC shareholders) and it would practically be impossible to get a loan of that size if PFC were to apply. They didn't really have much choice - and this is a very favourable outcome for them.
NSE gave away 75% of the Goldwyer for a bit over $100m in comparision (I'm not trying to bag NSE, I also own shares in NSE - I'm just trying to make the point that this deal is good for us BKP shareholders). But then there's no point discussing if PFC shareholders received a good deal or not. All I know is that this ann is definitely not bad news for BKP shareholders. You didn't expect someone to commit 500m or a billion at this stage did you? - we've only drilled half a horizontal haha and PFC has a limited kitty incomparison to Statoil a $75 billion partner with plenty of expertise!
Overall this is definitely good news for BKP the more I look at it.
- Forums
- ASX - By Stock
- CND
- petrofrontier corp. announces farm-in agreemen
petrofrontier corp. announces farm-in agreemen, page-39
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CND (ASX) to my watchlist
|
|||||
Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.27M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $15.90K | 564.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 49938 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 233961 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 49938 | 0.028 |
3 | 713444 | 0.027 |
3 | 281923 | 0.026 |
3 | 1098000 | 0.025 |
2 | 2083333 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 233961 | 1 |
0.033 | 199999 | 1 |
0.035 | 118000 | 2 |
0.036 | 150000 | 1 |
0.038 | 300000 | 1 |
Last trade - 14.09pm 23/08/2024 (20 minute delay) ? |
Featured News
CND (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online