330 mmbbls net to FAR sell 10% to Petronas straight after discovery for 250 million Usd [$3 Usd pbo] to use for evaluation of Samo and other drilling.
Leaves us cashed up, no debt and funded through to first oil at SNE.
Or sell 50% for 500 million and fund 60% of SNE with the same mix as above.
I believe these options would be far more sp accreditive than more dilution whilst borrowing 400 million for SNE. DB
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Mkt cap ! $43.43M | |||
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