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Antrim Energy Inc. ATGYF

"Antrim Energy Inc was incorporated on September 29, 1999 in Canada. The Company is engaged in the business of oil and natural gas acquisition, exploration, development and production in international locations. The Company, through its subsidiaries, conducts exploration activities in the United Kingdom and Ireland."


OTCPK:ATGYF - Post by User

Bullboard Posts
Comment by vilaon Mar 04, 2010 11:01pm
350 Views
Post# 16845963

RE: RE: RE: Antrim Sells 30% Interest in Causeway

RE: RE: RE: Antrim Sells 30% Interest in Causeway
Antrim 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%
Bullboard Posts