05-20-2016, 11:18 AM
["Right now, 2C third party estimates are already 9+ tcfe"]
Given the size of the CVR payment at elevated gas levels, a take-over attempt was always likely, and whatever his history, Phil was essentially right. Those that didn't trust Hession, more especially his lack of skin in the game and the way his incentives are aligned also have a point. IHMO.
- A 7.1Tcfe certification (presently the mid case number of an older Caffney Cline report) delivers a $594M payment at certification and $1.6B in total.
- A 9.9Tcfe certification (presently the mid case number of GLJ) delivers a $1.717M payment at certification and $2.8B in total.
