'steve3752' pid='36835' datel Wrote:Is anyone concerned about the concept of the minority receiving part of the upside from new drilling as was just stated?
Unless they contribute to the new drilling, why would they be entitled to any share in new drilling?
I am missing something? It would seem they own what they paid into and what has been found to date.
You're answering your own question. If they are IPI investors in PRL 15 and/or other license areas at the time of spudding, they will have cash calls for their portion. BUt don't forget also that some of these IPI investors were part of a group who fronted monies years ago toward drilling. Either way, they pay their share as long as they are still on the license, and they likely can participate in any upside. But we don't know anywhere close to enough of what has transpired in these negotiations since Dec 6th because "negotiations will not be carried out in a public forum". So let's just let them conclude the negotiations and not assume that everyone wins except IOC shareholders in all deals.