Really great to have the divestment completed per the original deal, a great that it negotiated before the worst of the poo fall, and completed despite this.
Folk need however to stop thinking of the (up to ) USD 32 mm "recieveable" as any thing resembling cash, or as worth anything even close to face value. It is no where near the bank, would take a lot more than 4 years to recieve, and at least to me it is unclear what taxes it may be subject to.
At say 5000 bopd gross the 12% equates to 120 bopd net for the 20%, approx. 43,000 bbl pa. At USD50/bbl ( it sells at a substantial discount to Brent) that is only USD 2.2 mm pa. Even if production were to double we would be talking nearly 8 years, not the 4 asserted by one poster. Atm it would take nearer 16 years!!
Likewise re asserting 30 year hype does not help inform any one.
Keep it sober.
EL
Really great to have the divestment completed per the original...
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