''If it is 20% of 2.2bb, it is then further reduced to 13.4% as our partner would then own the other 7.6%''
Not sure I follow you. The 2.2bb NET is NET of the partner the gross figure is closer to 2.9BB?. There is no further or additional netting down for a partner, or is there?
So Net is 20% of 2.2bn. assuming that is the size of figure that is being discussed for the FO
Icewine FO the Big Fish, page-15
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