The Grisham/InterOil/Sintana numbers are all related to their Trago ownership at the parent level. They were not included in the PEL90 JV, other than their relative equity ownership in Trago. Prior to the Chevron deal, the PEL90 JV included Harmattan at 37% (Operator), Trago at 53% and Namcor at 10%. So yes, Trago did indeed go back to 53% from 20% after the Tullow exit. See the Harmattan release. They were the Operator.
https://www.havocpartners.com/_files/ugd/cea9b9_8665abfdc26345e59ced79ae2d4145f5.pdf
You are probably correct in that Grisham got the extra equity post-Tullow exit, but whatever deal was done between Grisham/InterOil/SIntana following the Tullow exit did not change the fact that Trago were at 53%.
The Grisham/InterOil/Sintana numbers are all related to their...
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