05-21-2016, 05:57 AM
'2126' pid='69770' datel Wrote:Payment on "2C resource greater than 6.2 tcfe" per Footnote 2; page 5, IOC Presentation per OSH/Total deal.
Also "One-time cash payment per IOC share equal to US$.77/mcfe (gross basis, US$.99/mcfe on net basis of 40.1275% of interest in PRL 15" per Footnote 2 also. Also on Page 5 "Uncapped cash payment of approx US$6.05 per share for each tcfe gross resource certification of PRL 15 above 6.2 tcfe."
2126 - Are you interpreting page 5 to truly mean " gross resource certification of PRL 15 " ? If that is true,then Ant South and Mule Deer would fall into the total tcfs,would they not ?
Seems to me they would, but I may be missing something . Thanks for all your comments on our board.