Agree selling 10% of Pavo North and possibly Pavo South is the go but would an appraisal drill for Pavo N be required to firm up that part of the deal? Selling 10% of Pavo South may be problematic as it's just a prospects ATM albeit with a COS of around 50%. What do the experts here say? Selling part of Dorado would be a shame but if it gets the project going them maybe it's necessary.
I hate dilutions but once Dorado/Pavo starts producing future prospect could be drilled from FCF from Dorado/Pavo.
The Waiting Game, page-7
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