As posted previously, the decision to go back and test Warro 3 told me that wanted to get the last roll of the dice right.
Transerv might need to stump up some of the costs of a final well.
Interestingly, those figures suggests Alcoa only gets 65% after spending all $100million. (i.e. Transerv current hold 57%). This is good, as Alcoa will have an incentive to spend those final couple of millions to realise the full farm-in value. I.e. a final well should get (re)drilled.
TSV Price at posting:
1.6¢ Sentiment: None Disclosure: Held
