Normal
bija,no probs.Two points re the farmout.Firstly, Jeffries has been instructed and the JVPs are looking for the best deal from the most credible bidder - it has been noted elsewhere that Petrohawk is raising some more cash. The JVPs haven't spelt out their criteria but they are obviously looking for the longest carry on both drilling/completion costs and on infrastructure; they want accelerated development and proving up of the acreage; and they will want fast and cheap drilling and completion with no mishaps. So they will probably be looking at some organisation with track record and experience in the over-pressured chalk and shales.Secondly, the package includes acreage held by TCEI & AUT that ADI and the other JVPs (EKA and EME - UK company) have no interest in. The deal has to suit their purposes as regards those other acreages.That is bound to make it a bit more complicated.Rock86 - if you need a new car before Xmas, it might be an idea to give priority to that purchase. There's no telling when the deal will be done; no telling when the completion operations on the 3 drilled wells will be completed and the wells tested; and, in particular, no telling when the ASX investors will start to recognise the prospective value of this company. Oh, and there cannot be certainty that a deal on acceptable terms will be offered to the JVPs.
bija,
no probs.
Two points re the farmout.
Firstly, Jeffries has been instructed and the JVPs are looking for the best deal from the most credible bidder - it has been noted elsewhere that Petrohawk is raising some more cash. The JVPs haven't spelt out their criteria but they are obviously looking for the longest carry on both drilling/completion costs and on infrastructure; they want accelerated development and proving up of the acreage; and they will want fast and cheap drilling and completion with no mishaps. So they will probably be looking at some organisation with track record and experience in the over-pressured chalk and shales.
Secondly, the package includes acreage held by TCEI & AUT that ADI and the other JVPs (EKA and EME - UK company) have no interest in. The deal has to suit their purposes as regards those other acreages.
That is bound to make it a bit more complicated.
Rock86 - if you need a new car before Xmas, it might be an idea to give priority to that purchase. There's no telling when the deal will be done; no telling when the completion operations on the 3 drilled wells will be completed and the wells tested; and, in particular, no telling when the ASX investors will start to recognise the prospective value of this company. Oh, and there cannot be certainty that a deal on acceptable terms will be offered to the JVPs.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
