So if I have it right.......
(1) FMG takes up 120m shares raising $4.2m
(2) FMG pays a further $1.75m for a 25% stake in the Derby block.
Now the next bit has me a little confused..........
as part of a subsequent gross $10.0 million free carry on a 2 for 1 basis (i.e. under
these arrangements, OBL is expected to be fully funded for 2 years after Grant for
the work program on the Derby Block).
Can somebody unscramble this for me. LOL
today's ann
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