the enigma code, page-10

Following 90 days of consistent production (defined as production in economic quantities for at least 20 days each month) from the two initial appraisal wells, Samson’s partner in the project area, Fort Peck Energy (FPEC), will have the option to back into a 33.34% position in the wells and land by reimbursing Samson’s acreage and drilling costs to the extent of that equity. In such an event, Samson will have a 66.66% working interest and a 53.34% net revenue interest.



Read more: http://www.faqs.org/sec-filings/120501/Samson-Oil-and-Gas-LTD_8-K/v311227_ex99-2.htm#ixzz1yLDU9Uvk