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clock Created with Sketch. 05/11/18
19:06
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Originally posted by hanabi
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Speaking of risk/reward:Metgasco’s interest in the SM74 prospect is for a 30% working interest and a 24.37% net revenue interest.Metgasco will pay 40% of the approx. US$11 million dry hole cost and Byron Energy Limited will pay theremaining 60%. Having said that, is there any way that you'd tell management not to participate or to reduce their interest in that one? No, because on paper it is a cracker.
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Hello Hanabi, you're a long-time MEL holder and so am I.
