For all the talk we've had around here on SC55 "blessing in disguise" etc, and "we'll end up with the same or better deal than we had with BHPP", $65M in the kitty is not even going to scratch a 2 x US$70M well deal...won't even pay for one well let alone a 33% carry for OEL.
You can pretty much rule PPP (MC $57M - smaller than OEL) out of SC55...OEL will be looking for someone much bigger.
Duhat is a more logical choice and fit for PPP, but OEL might not agree with that given drilling costs..depends how much risk they want to mitigate.
Anyway, just because they've come on the register doesn't mean they want to jump into bed with OEL operationally...but it is a vote of confidence in a "peer to peer" view of the OEL potential.
For all the talk we've had around here on SC55 "blessing in...
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Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
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