the olmos, page-6

Hi Gerkin,

If your previous post is correct and TPD will/have sold down Olmos to ~16% that would be a little disappointing would it not? their stated goal is to sell down to ~25% and use the sale proceeds to pay for their portion of the drill.

I'm not sure that the 50% sale from the half yearly was a done deal or not?


I note that Terrace have paid $150k up front and then the option to buy 33% of the rest of the acreage for $750k after the initial drill. Thats the way I read it. Not sure if 33% for $900k is that good of a deal or not?