'Putncalls' pid='38294' datel Wrote:
'Palm' pid='38280' datel Wrote:They could end up with a couple of % less, but they ain't going to 12%, 10% or 8% or anything silly like that.
Those persentages are where it stands at this point. Of course the IPI wanted more than the 240 million that was being discussed on this board.
The part I'm strugling with is the 2 billion resource payment IOC recieves at 1/29$/MCF. if the 2C reource estimate is 9.9Ts. IOC is supposed to receive 1.29$/MCF when the resource estimate is greater than 6.5 TCF. I calculate (9.9Ts - 6.5TS) = 3.4Ts. If total buys 61% of that at 1.29$/MCF that should be 3.4 * .613 * 1.29 or 2.9 Billion dollars. So...... How do we get 4.1 billion for 61.3% of 9.9 Ts rather than 5 billion?????
http://www.interoil.com/iocfiles/documen...0Final.pdf
Page 7.
Total's payment for the purchase of the 61.3% isn't proportioned down by 61.3%. The payment for their acquisition of the 61.3% is the $1.29 (and other traunches, as appropriate).