RE: RE: RE: RE: 5000/day barrels + 400 mill UNRISKThe risk here is three fold... exploring a reservoir previously determined to have an oil column too small to develop... political instability... and the reduced risk of economic viability due to a negotiated 40% royalty.
In my opinion, they've got to renegotiate that royalty... it's just too difficult to work out the business plan with
a 40% working interest and a 40% royalty. Without adjustments for any expense, whether a cash item or not, it
roughly turns 1000 bopd into 200 bopd.