Hi Jiiweimo, Gross or over-riding means a percentage of gross revenue, however, if it is a percentage of gross revenue at the wellhead then the payer gets to deduct all costs that enable the oil to get to the wellhead. The words are poorly chosen and personally I would have fired the lawyers, however, any oil and gas lawyer knows what "at the wellhead" means. So , if the agreement says ...at the wellhead, then Fitzroy River Corp dont stand a chance and are wasting their money.
BRU Price at posting:
$1.72 Sentiment: LT Buy Disclosure: Held
