Probably a carried interest The worldwide average of undeveloped oil in the ground, appraised to be classified as 2P... is less than $5 per barrel. For $50 million, Genel could purchase 10 million barrels undeveloped, already proven to 2P. This is strictly exploration, no proved reserves, more than a 90% chance that it is non-commercial.
LFD has $27 million in liabilities, Genel could assume those liabilities in exchange for LFD retaining a small carried interest. They could add a few sheckles just to give LFD a little working capital for 2012, but that's about it. Anything more than this... and you're talking amounts that could purchase proven assets.