Yes 1 Billion barrels recoverable at a cost of US$5 - US$10 per barrel so say US$60 a barrel so approx. US$50/barrel free cash flow = US$50 x 1 billion = US$50 Billion
Current MC at $24 = $225 Mil
Certainly 'some' wriggle room there for the SP.
SO pleased OEL got out of that deal & stuck with their GC21 genius BS. After all, who wants to be part of one of the biggest oil field discovery's for decades when you can be pumping BIG barrels out of deep water GOM ?
I guess we have to hope the 0.5% covers some/most of this, time & lawyers will tell.
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