1 Billion divided by 50 million = 20 X 15 = 300 PPS

[Palm]

The other possibility with the 5.4TCFE. In the CC Hession explains the difference between what Total reported and what IOC did. He states that Total is repoting what they feel THEY will be paying and that is net of the possible selldown of 19.3%. He emphasizes this several times in responding to Evan Calio. So, if this is net of the 19.3% selldown, that leaves Total with 80.7%. The math is:

5.4TCFE/80.7% = 6.6TCFE- The GCA P50 number.

Is this possible?