sto and cue ..fully priced in-----, page-14

thats not how your earlier post reads.

It states that the PREMIUM fee can be satisfied by forgoing profit.

The 15% costs still needs to be paid up front.

So it has to pay a 15% of costs, and what appears to me to be a very large premium.

From your post:

1. Paying its 15% share of the costs of the wells and,
2. paying a premium of 10 times its 15% share of the cost of the Jeruk -1 well and 5 times its 15% share of the costs of the Jeruk -2 well. The premium payable can be satisfied by Cue foregoing its share of production from a Jeruk development until the value of Cue's share of gross well head production reaches the total premium payable by Cue. Thereafter, Cue will receive its full 15% share of production.

Also why do you keep putting 'POSITION' in voluntary disclosure when in an earlier post you said 'DO NOT hold'.

Cdchi1