fyi, page-8

I would guess the thinking is along the lines of:

people are willing to pay $2B for this block

2% of three blocks and 4% of another block that combined should at the very least be worth a $2B signing bonus if they were done now

if the 4 blocks are worth at least $2B, our conservative value of those blocks is $40M

CVI market cap is currently about that amount - with lots of goodies on top

Just a few points to make it clear however:

Pensador is getting Falcon, and we will get Pensador

there will be heavy dilution when this comes through, however we will have cash and 100% of Fortitude as well as 40% of Falcon and the other projects

Cheers