re: Ann: ORIGIN ENERGY LIMITED PEL 514 GAS FA... I feel PGS will surrender a % for it's portion of expenditure $ in the ORG unconventional play....let's say 10%
This is a big dollar game & even 10% would be huge if overtime it's proven successful...
Only assuming but, this would then leave PGS with
(definite) 20% of all Oil > $45M free carried + bonuses(SXY)
+
(assumption) 10% of all Gas > up to $80M in expenditure (ORG)
I hope the above to the end result as at the close EPV was around $7.5M...PATIENCE is needed but long-term PGS is looking to be well positioned as a minnow with a decent stake in the Cooper Basin
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