GREY:ARWJF - Post by User
Comment by
cgiffinon Oct 30, 2014 12:15pm
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Post# 23077094
RE:RE:RE:RE:price
RE:RE:RE:RE:priceLouel I'm not defending or attacking this deal at this point. The way it was explained to me last night was first off it hadn't closed. But when does, $75 is accurate and the base price. But what the initial disclosure didn't specify was that the hedge fund also absorbs and is responsible for all the operating costs, drilling costs, etc
when they ran the numbers last year September to September they averaged $83 per barrel. Highest month they got $90 and lowest $58. So when you take in the base price of $75 and work in the cost sharing formula they will average the equivalent of close to $85 or better slightly than last year.