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clock Created with Sketch. 21/08/14
21:25
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Originally posted by speculator101
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Nice try Cabbie, but the dilution is less than 7% of DLS. DLS gains another very prospective part of the basin, which has already got 3D seismic over it (done by DLS). DLS acquisition also comes with $42.5 million in free carry. Depending on what value you give to the actual acreage, as the majority of PEL 570 is on the border of the basin, the 'core' is approx 800sq kilometres, or 200k acres. DLS is getting 47.5% of that or 95k. They are paying approx $570 per acre, which is not cheap! So AQO holders have done well considering they only have 1 bloody asset. Then again, if you also include the free carry of $42.5 million in the equation, the value for DLS becomes more pronounced.
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No worries - next time I jump into a trade I'll check the top 20 and ask their advice - I seem to have survived so far after all these years - but I'll certainly be mindful of your advice.. Thanks.
Last edited by
Cabbie :
21/08/14
