AKK 0.00% 0.3¢ austin exploration limited

gas deal done!, page-9

  1. 1,304 Posts.
    "If Mercator were being "reimbursed" at say 25% of NRI - that would be roughly $500K yr and would pay off Mercator in about 10 years."

    Cmon, no mention of the deal as a 'reimbursement' scenario but the % nymex deduction would have been calculated over a contractual period with the slate ultimately clean for AKK. Important detail. In most contracts the duration would be part of basic terms and 'releaseable' I would have thought.

 
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