Chatchai Yenbamroong's Letter to Shareholders proposing board spill, page-11

From Troy's report :-
- if the 31st December 2014 2p reserves increase beyond 20.2 mmbls, this payment will increase by US$1.50 / bbl

So if Chatchai is in possession of a document detailing a reserves statement to be put to the JV and is demanding US$14.6 mill then the differential would seem to be ($14.6 mill less the baseline $7.65 mill) =$6.95 mill divided by $1.50 / bbl or 4.6333 mm bbls !

Somebody please check my maths and reasoning !

Very handy reserves increase and even less reason for Chatchai to walk away from his 10% stake in Manora.