Talitha A - ORRI may have serious value now, page-6

I look at it quite differently (maybe I’m misinterpreting though) but here goes. Pantheon believe they have a 1b barrels of oil that they can achieve between $5 and $10 a barrel if farmed out. This would have been nice to be involved when we had our small interest, however we managed to sell a good portion of the Pantheon shares at 70p and retained several million Pantheon shares. Let’s not forget we needed the cash at the time too. Also, we’re now invested across all Pantheon assets and not just Talitha A. But, we still retain the 0.5% Royalty which I believe means we receive 0.5% of whatever oil and gas is sold from Talitha A. That 0.5% at todays oil price of $83 per barrel infact means we will eventually receive 0.5% of $83 equal to 40 cents per barrel or $400m. Plus we tag along with all
other Pantheon wells with our 3m shares. Is that correct? Thanks