crucial fact, page-41

paprika - if you look back through my posts (as you previously claimed you have) you will note I have run several discounted cash flow valuations.

ben0058 - I haven't looked extensively at the Gulf South deal beyond the headline value. Is it constructed as a carry? If so do Gulf South get all the net revenue until they have recovered their capital costs?

Also all the farm-in wells seem to be in the West Schenk lease which has historically been responsible for the majority of Maverick's production. I don't see any new leases on the RRC so how is the farm in working....presumably MAD haven't given away any interest in the existing wells, so is the farm-in actually structured as a contractual right? If so how are the revenue and costs for Gulf's interest being treated