re: Ann: ORIGIN ENERGY LIMITED PEL 514 GAS FA... Whichever way you look at it Invertva, overall PGS will greatly benefit from ORG involvement/deal, with any farm down logically equating to around 50% of current 20%, still leaving PGS with a sizable stake (10% funded to the tune of $80M.
Basically PGS will be guaranteed (pending confirmed detail of farm down) that it will be a part of a fully funded 2 pronged plan to extract oil & gas from PEL 514....
I'll be hanging on & yes, I imagine pending some positive results when drilling does commence PGS could well be taken out...GLTA
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