Re: Avalon RNS I am not the person to ask ... but you never have too much certainty ... especially at this moment of PVR s evolution ... the space is tight
Re: Avalon RNS Sir A/S, Wonder if seismics will be taken on Avalon? Survey last Summer did seismics there but may need more 3D seismics before picking drill targets,
Re: Avalon RNS Is it bizarre that the share price has not moved at all on this news with Total ...
Re: Avalon RNS So from what I can see, Total will pay 60% of the drill costs, with the remaining drill costs being covered 80/20 by PVR/Sosina- subject to a gross well cost of $42m (which I guess is their estimate). That would put PVR on the hook for about $13.5m. Such a balls that we didn't get any cash in the deal with APEC. Cairn had an option to take 20% but they let it lapse.... if Cairn came back in on the original terms, PVR share would fall to 20% but its cost would fall to about $5.5.... [link] I'm not sure which I would prefer.....
Avalon RNS Anyone any idea what this will mean in practice? How soon is a drill likely? If there is a drill next summer, what will be PVR's share of the costs?
Re: Oil $70 bbl Nice n' steady in runup to Thursday's Proactive presentation. Is anybody here attending?
Re: Oil $70 bbl I see Goldman have added and now hold just over 5%. Last June larger holders held 52% while now larger holders have 62%. It'll have to help eventually....
Re: Oil $70 bbl Another blue day here! 12.5p by Friday.....
Re: Oil $70 bbl Jimmy, Piece in today's Indo on Lake investment here. Says they are betting on commerciality being proved up in upcoming drilling campaign. JOS is likely to have informed APEC on how 3 drills will prove up Barryroe and hope TOR explains the reasoning at Proactive on Thursday.
Re: Oil $70 bbl Nd,This deal needs to be explained and why it will lead to commercial production.J
Re: Oil $70 bbl Ano, Good to hear. noow for continued momentum in the sp here.....
Re: Oil $70 bbl Sir As...thanks for asking. I am completely recovered.
Re: Oil $70 bbl Inching up here by the day! Prelims should be very soon.....
Re: Oil $70 bbl PS Anovas : I hope the Spring finds you in improved health ....
Re: Oil $70 bbl Bello alors....I have to say I am tempted .....