OTCPK:ATGYF - Post by User
Comment by
vilaon Mar 04, 2010 11:01pm
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Post# 16845963
RE: RE: RE: Antrim Sells 30% Interest in Causeway
RE: RE: RE: Antrim Sells 30% Interest in CausewayAntrim didn't sell 30% of their 100% ownership, they sold 30% of their 65.5%. They now only have a 35.5% working interest in Causeway. So they really sold 45% of their working interest in Causeway.
I have to admit that I am completely amazed by this math, in my book 30% of 65.5% equals 19.65% Then, if my math is correct Antrim have a working interest of 45.85% (65.5 - 19.65)
Just a control example 50% of 65.5% = 32.75 .......and not 15.5%