Good post kfann and agree. Bizarre thing is that the deal PVD now has means that there is no cost exposure for the 2nd well at all. SO even if they dilute in a (cost blow out situation from Freeport) then the lowest equity they will ever go down to is 4%. So still in the game. Don't understand the market and I guess that's just sentiment.
Finding anything here in terms of discovering oil or indeed gas/condensate will be a game changer with so many other prospects within the fairways.
GLAH
Should be 81c (at least), page-3
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