RE: WELL DONE NEW BOARD 🚀 🚀 🚀1 Apr 2026 14:02
Zag, I have to agree with Stuart and delta that there's no point comparing the GV JV with the deal in the RNS today, for the reasons they have given. Another good reason to add to the list is under the GV JV PPP would receive a 12.5% overriding royalty interest on production from four specific Texas wells: Chalk Talk 1H, Chalk Talk 2H, Bower 1H, and COG#1H. It also separately said PPP would get a 10% profit share on any other wells drilled or developed within the wider 2,036-acre Texas position. So comparing today's deal on one well and also the difference between net and gross, means it can't really be asserted that this is a better deal. Although, I know it sounds good as a narrative.