RE: RE: Billionaare Soros smart moneyand had to agree to a (ahem) 40% royalty rate.
Goofy seems to be having troubles with his throat lately. I guess it must be because he has to keep swallowing his pride and instead posting as his overseers pay him to.
Longford had negotiated a 10% royalty when they had a 20% WI. They then agreed to a 40% royalty but with a 40% WI. Do the math. Under the new royalty structure they have to pay more of the expenses, but their net back in production increased by 33.3%. It was a good deal which involved no additional dilution and increased their interest in a known oil field, with massive upside potential.