LIO 4.00% 2.4¢ lion energy limited

oil discovery: 42mmbo and drilling again, page-6

  1. 115 Posts.
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    My understanding (and I could well be wrong) is that if the oil was sold at US$130 per barrel, Lion would get US$3.25 per barrel less costs (2.5%) as its share.

    Of course, this assumes that the oil is actually sold at US$130.
 
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