and will maintain a small % of royalties in the event a commercial discovery is made
Hmm, that worked well for Octanex in WA-384-P...
It was supposed to be a company maker, Albers was being hailed as the shrewdest dealer around, Shell would drill the 13TCF Palta prospect and the 1% royalties were going to fund the OXX future exploration for years. And anyone who knows anything about WHN history knows what happened with THAT drill...
(not sure I got my numbers right, but you get the idea)
why am i not surprised!!, page-26
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