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tsv set to rumble, page-19

  1. Xerof
    1,758 Posts.
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    28/09/09
    10:46
    Post #: 5701630

    Details of the farm-in are:

    first $40m free-carried (this was expected to cover 2-3 wells plus seismic)
    15% of the next 60m, so TSV needs to find 9m
    10% of expenditure thereafter


    would be nice to be able to get a sense of where expenditure is running at so far.

    A cap-raising is a dead cert as far as I'm concerned
    TSV Price at posting: 2.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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