12-07-2013, 06:36 AM
Two things in the SPA I thought were of interest:
1. (Page 59) Any additional upside to the resource certification above 5.4 Tcfe is payable from Total to Interoil at certification. At just 7.1 tcfe, this equated to almost $1 Billion dollars. What if it is only the GLJ best or high case.....that payment goes up substantially.
2. (page 75...need Pets here) The IOC and TOT interpretation of the data for the 6 wells drilled at E/A seem to closely match. Maybe I'm off base but I read that to suggest there is no argument about whats been discovered so far.
Other important info but those jumped out to me on first glance
1. (Page 59) Any additional upside to the resource certification above 5.4 Tcfe is payable from Total to Interoil at certification. At just 7.1 tcfe, this equated to almost $1 Billion dollars. What if it is only the GLJ best or high case.....that payment goes up substantially.
2. (page 75...need Pets here) The IOC and TOT interpretation of the data for the 6 wells drilled at E/A seem to closely match. Maybe I'm off base but I read that to suggest there is no argument about whats been discovered so far.
Other important info but those jumped out to me on first glance