value of galoc to oel, page-17

my understanding from the conversation, is that its not a double dip,

(my first thinking was that we have two credits, the loan outstanding, and this revenue from sales, but that was shot down in flames.)

which still kind of confuses the heck out of me, but, i re-iterated several times to the conversation, to get it right.

And it came down to being some accountant terminology.

They owe us, how do they pay us? They pay us, when there is oil revenue.

So they sell oil, they pay us.

now they claim that is money paid off the loan outstanding.

And when its payed out, they will still pay us, only it'll be called dividend.

So, we dont get paid twice.