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The finer detail of the farm out will determine the extent of the SP rise.
It could be a free carry on multiple drills, it could be $20million up front, it could be $400 million up front.
No one knows what it will be until the details are released which is why today's SP is such an attractive proposition.
Hats off to you LT, a lesser man would react in a retaliatory way towards those who are intentionally baiting you, whereas you act with decorum as always. Many could (and should) learn from the way you behave
Once the deal is finalised (and depending on the finer detail) the SP will jump imo.
I believe as the fine print is digested and the wells are then drilled the SP will continue to rise throughout 2020 and beyond.
Strong possibility that the Farm Out will be confirmed this week which is why we’re seeing an uptrend in the SP. If we get the successful terms we’re expecting then you can say goodbye to prices at this level
You've obviously not been invested that long HHH81, as I've seen the SP going from 0.3p to 4.2p on the back of a number of RNS'
And DW isn't the only one to make money here either.
Farm out will be the first of a number of building blocks that will see the SP rise to significantly higher levels
I completely agree sharelock, thank you for your post
And we’ve pretty much got first mover advantage too
2 immediate GTW projects is just the start here. Many more projects are sure to follow and with values of at least 50-100 million for each project the potential here is huge