Hi Had,
Read all the announcements again buddy....as you are not understanding the deal.
Shell have the 'option' to drill 1 well from memory and from memory the 'spend' for the well is capped at 70 million (someone please correct asap if I am wrong).
If Shell exercise this 'option', Shell aquire 70%, FAR retain 30%....end of story.
Unless of course problems are experienced and the 1 well requires more than 70 mill to complete.
Again, read announcements carefully please.....good education for you and the 1st fundamental step in making any profits in this game.
Cheers and good luck.
K
what price if shell buy in , page-2
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