Morning Godot
What do you think the final deal will look like. What will be the cash payment and what percentage of Barryroe will Providence retain ?
Which is more likely to be closest to final Total Cash Component of Barryroe Deal?
Which of the following will be the Percentages on Barryroe Ownership following Farm Out?
Hello there JR what do you think final deal will look like
Does anyone know why Providence and Landsdowne Share Price Feeds do not appear to be updating for Providence or Landsdowne this morning on this website. They are updating for Fastnet. strange !!!!
How are things JR
Providence sya that the new estimate of Drill costs to Providence for Spanish Point are 43 percent. Think Providence were capped at 20m for first drill for their portion. Lets say 40m for both. Providence would thus have the option to go for first drill and pay 40m or else farm out to Cairn or some other party the amount they purchased from CEPIL. Do you think Providence will take the risk with extra drilling costs or look to farm out
Hello there JB63
You could be right. What would the cash component be then (more or less)
Wonder if Sequa/Sapinda are going to Farm into Spanish point as well. Seems like both todays announcements are linked
That should be 10m cash payment to Landsdowne
Next question to be asked is what will the terms be
I would say
32 percent Providence
8 percent landsdowne
60 percent Sequa
Cash payment 40m to Prov
cash Payment 30m to lands
Bye the way any idea what Davy´s article says