Presentation Updated:https://www.ecooilandgas.com/_resources/presentations/Eco_Atlantic_May22.pdf
Page 11 - Azimuth has 20% working interest for 40% carry. May be I miss this before, but we already know they are paying 40% of the 3D costs but if I understand things correctly, carry usually means any costs related to that working interest so if EOG does get to drilling stage (assuming they don't get bought out earlier) then Azimuth is paying 40% drilling costs as well? If so, that's huge.
Page 17 - 30% owned by insiders and board but 40% by institution? Wow, I didn't realize institutions already have 40% stake.