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.
Icewine FO the Big Fish, page-12
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Last
0.2¢ |
Change
-0.001(25.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $59.19K | 29.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 575 | 1487418995 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 33299766 | 13 |
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| Last trade - 15.49pm 22/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |
