re: Ann: ORIGIN ENERGY LIMITED PEL 514 GAS FA... This is a huge announcement for PGS...
Origin must spend $80M earn-in over stages 1 & 2) all up to secure its 40% !
"In addition to Stage 1 and Stage 2, the joint venture parties may elect to fund additional work programs, subject to operating committee approval, totaling up to $67 million. This will involve additional exploration and appraisal work during both Stages."
This is huge news for PGS, it's now got up to $45M expenditure from SXY on Oil & now ORG handling Gas...
Whilst retaining 20%
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$10.90 |
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0.100(0.93%) |
Mkt cap ! $17.27B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5917 | $10.89 |
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| Price($) | Vol. | No. |
|---|---|---|
| $10.90 | 4067 | 1 |
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