CND 18.9% 4.4¢ condor energy limited

The following part of the announcement could be read 2 ways:1....

  1. ado
    49 Posts.
    The following part of the announcement could be read 2 ways:
    1. BMO recoups to a total of 19 mill.
    - past costs
    - significant part of year 3 expenditure

    ie 19 mill is sum of past costs yr 3 spend

    2. BMO recoups
    - past costs
    - yr 3 spend to total of 19 mill

    ie. 19 mill + past costs

    Any thoughts???

    ado

    ---------------------------------------------------
    BMO will recoup all past costs associated with Year 1 and Year 2 of the exploration program
    and will be carried for a significant part of Year 3 expenditure program starting on 28th of April
    2007 to a total of US$19 million.
    ---------------------------------------------------
 
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