SorosWhy didn't Soros lend them the money to purchase the increased working interest ? They are now stuck with a 40% royalty compared to the initial 10%.
If Soros is long term, then why wouldn't they approach him? Surely, if the play is a sure thing, wouldn't he rather
the economics be reasonable. The company will now pay a 40% royalty. The company has a 40% working interest.
That knocks the heck out of 5000 bopd if they happen to significantly increase the oil column. If they don't, it doesn't matter.