RRS 0.00% 0.1¢ range resources limited

I'd suspect we were the ones who introduced Monitor to SOCA, and...

  1. 478 Posts.
    I'd suspect we were the ones who introduced Monitor to SOCA, and hence got a discount as part of a 'finders fee'. Plus Landau quite clearly negotiated us a better deal than Monitor got. At the time we had 3 projects (Texas/Georgia/Puntland), and Monitor had 1 (a prospect that was, and still is, underwater). So Monitor were clearly desperate for another project and their desperation would have been reflected in the increased price- we were less so and so were able to get our slice cheaper.

    That's why the final price we pay for an increased stake/the whole of Trinidad will depend largely on how desperate the owners are to sell up. They'll know the assets are worth a fair bit, but they're old, and after all this time, might just want to get rid and will accept a lower offer.
 
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