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
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $34.84K | 17.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 85 | 96938822 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 648253856 | 233 |
View Market Depth
| Last trade - 11.44am 01/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |