AOE 0.00% $4.68 arrow energy limited

shell money due to arrive by end next week, page-6

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    Lets just look at the initial upfront payments.

    Shell will acquire 30 percent of Arrow’s interest in all of its Australian upstream tenements for up to US$612.5 million (A$761 million), including:

    An initial upfront payment of US$413 million (including back costs from 1/1/2008)

    Shell will acquire 10% of Arrow International Pte Ltd, which holds all of Arrow’s International assets, for up to US$125 million (A$155 million), including:

    US$50 million up front payment (together with a further payment with respect to reimbursement of certain back costs)

    So they are going to come into a lot of cash. In total the deal is worth over 1 billion AUD to arrow.
 
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