TSXV:ART.H - Post by User
Comment by
Baxter4on Aug 05, 2010 9:38pm
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Post# 17326562
RE: RE: RE: RE: why vst..again
RE: RE: RE: RE: why vst..againIf they paid 10% royalty on the initial 27% before, they are still paying 10%, there was no increase.
What they did get was an extra 10% WI in the well for a 30% royalty, or 20% more than they would have paid with the original dilution deal. Great deal for Vast
BTW, can you name any heavy oil wells that flow at 20,000bbl/day without mechanical lift? If you want to throw red herrings out there, at least provide proof it can happen.