'Palm' pid='80168' datel Wrote:It supports what Lil is saying I believe.
I don't think so. Lil' was hoping that the 21% increase was from the certified average of 6.4 tcf but in reality it was a 21% increase from their original amount of 5.3 tcf. Thus if the XOM certifiers come up with a similar 6.4 tcf, the CRP will not be her hoped for $11.17.
The CRP is likely to be around $1.41 based on the terms of the buyout:
US$7.07 for every trillion cubic ft of natural gas discovered at Elk-Antelope above a minimum level of 6.2 tcf.
6.4-6.2 * $7.07 = $1.41