'ArtM72' pid='57746' datel Wrote:
'Tusker' pid='57742' datel Wrote:Perhaps you found this one of interest also.
Payments upon termination of employment and upon change of control of InterOil: (Estamate 2014)
Total Incremental Obligation $
37,015,000 USD
Yep... that's two comma's
Page 32 see notes also.
If the 37,015,000 USD on change of control is reasonably correct then is it accurate to suggest Hession's real payday is on sale of the company and not long term corporate profitability or finding large volumes of hydrocarbons?
As one may expect, after the first blush, it gets a bit more complicated. There are three year provisions, mile markers,and a 50% reductions, years of exploration bonuses such and so forth. So, all tossed into a five year contract would push the estamte out to the edge of first gas. What it takes to move from the county fair to the Broadway lights of world LNG I suppose.