Sav_J, the arithmetic for OEL does not seem correct for the Galoc venture, in that, the Galoc Production Company holds 58.29% as operator, and OEL have a 31.38% shareholding in the Galoc Production Company.
Which translates to 18.29% of the Galoc venture for OEL.
NDO of course have 23%, and speak of their $400k per day revenue stream from this percentage of Galoc in isolation.
Notwithstanding that, OEL may have percentage shifts elsewhere in the undeveloped prospects.
Here we only speak of the Galoc venture, which now has certainty of a revenue stream, factoring no blue sky whatsoever
Sav_J, the arithmetic for OEL does not seem correct for the...
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