hi wine collector, 85bopd is what they are paying for, in a sense, but 500bopd plus equipment is what they are likely getting.
it is around $US35+mill worth of oil at current (low) oil prices, for the equivalent of a third of their MC. plus they have the money to buy it outright. it is an intelligent way of bringing more money on board in the interim without diluting the company, not to mention diversifying their assets
hi wine collector, 85bopd is what they are paying for, in a...
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