Redrun,
help me out here.
Origonal deal was that Beach would farmin and spend $8.5m in two stages and be awarded a 40% interest.
New Deal is that Beach will farmin and spend $14.25m (net) and be awarded a 40% interest.
Origonal deal: 40% Beach must spend $8.5m
New Deal: 40% Beach must spend $14.25m net.
How on earth is ICN worse off ????
Isn't ICN getting almost TWICE as much spend from BPT for the same 40% ???
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