Can someone tell me please if I understand it correctly.
Snacks said there will be an SPV based in USA. I understand from this that the SPV will be the "Angolan assets and Angolan money". CVI will get an initial unknown quantity of the (Angolans) SPV.
Sduncan advises that the Angolans ( which is in fact the SPV) may over 12 months ( as per snacks) own as much as 80% of CVI. So this means a takeover by the SPV because if the SPV chooses to own more that 19.9% of shares on issue it must conduct and make a takeover offer. If I understand correctly, in twelve months time the SPV will own CVI not CVI own SPV?
The above is a very fair question, not a stir.
Secondly, $10 per barrel profit at 100,000 barrels per day at 40% = $400,000 profit per year. That does not seem like a lot to me.
Thirdly, Falcon paid around $11 Million per 1% of the leases. They have 5%+5%+5%+10%=25% = $275 Million for offshore
Anyone willing to discuss, especially the first point?
CVI Price at posting:
0.0¢ Sentiment: None Disclosure: Held