So I’ll run my numbers once more. I do think we get the adjustment from jan 2019. But I also think we pay 150m upfront on completion.
380 to pay first tranche consisting of
-50m deposit
= 330m remaining
-150 cash
-150 adjustments (jan 2019)
= 30m remaining to pay in 18 months
leaves us with approx 200m usd cash for operations, abandonment etc.
this for me makes sense and obviously we pay more if Brent goes up.
problem I have is the deal is too good and therefore I go on the side of Stevo and wonder what is the catch?
PB
Bauna Deal Announced., page-71
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