How much $$ must OSH pay PAC LNG after certification?

[Tusker]

It's my understanding that OSH acquired 22.84% of E/A from Pacfic LNG. The payment was for up to GROSS of 7 tcfe in E/A (i.e., 0.2284 x 7 = 1.6 tcfe acquired by OSH). This comes to $0.563 per mcf.

To my knowledge, OSH must pay an additional $0.77 per mcfe for any 2C Resources certified above 7 tcfe.

Suppose the 2C Resource Certification (Gas + Condensate + Oil) comes in at 10 tcfe. That means OSH would be required to pay for an additional 3 x 0.2284 = 0.685 tcfe.

For the additional 0.685 tcfe OSH would pay $0.77 x 685,000,000mcf = $527 Million

Does anyone have better numbers than these?

What is the difference between 2C and 1P in your calculations?