If it is 20% of 2.2bb, it is then further reduced to 13.4% as our partner would then own the other 7.6%
That's only about 300 million barrels overall to 88E (at best), I am guessing our chance of success would possibly be similar to Winx
Therefore IMO 300 mil barrels with a chance of success in the region of 20-30% there is no way the market cap would sustain a $100 mil market cap.
NO deal, better to raise the money ourselves in a CR than a FO IMO
Surely a CR is less diluting for share holders, if we are expected to give up 80% for the cost of a couple of drills.
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