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Sasanof-1 Target Depth Week Stream, page-193

  1. VatreniHR
    2,293 Posts.
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    02/06/22
    09:28
    Post #: 61771007
    The approval is for 25p shares that will be allotted to Western Gas for the existing SASANOF deal.

    Clontarf will pay about US$4mln in cash and issue 100mln shares at 25p each. Upon the event of a discovery at the Sasanof-1 well, it will issue a further 150mln shares for a maximum value of £8.7mln, representing 80% of the company’s value as of May 6.
    PRM Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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