Hi Moorefish again,
When I said I was not adverse to selling the interest, what I should have explained is that I would be seeking to negotiate a cash element ( to cover past costs and a profit element for value created by HW3) and then an overriding royalty of say 2.5% on profit oil from the permit.
In this way there would be no major cash outgoing but would retain an interest in the upside from the permit.
Hi Moorefish again,When I said I was not adverse to selling the...
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