I3 Energy Team was willing to paid 33,000$CAN per boehttps://www.youtube.com/watch?v=oEGALIY0LBA
I3 Energy was willing to paid 33,000$Can per flowing boe before the WTI price collapse. That means 5,000,000$Can for all TEI shares and 28,000,000$Can for the debt.
A deal was already in place before the WTI collapse. During the colapsing of the WTI price, the deal was renegociated.
5,000,000$Can for TEI shares, it is 12 times the actual offer at 0.0281 I3e share per TEI share.
I3e energy can increased his offer up to one I3e share for one TEI share.
That means I3e is ready to increase his offer to 0.337 I3e share for each TEI share and may be more up to 1 for 1.
I3e want TEI assets, cash flow of 6M$ per year at 1000 boe per day.
I3e want to increase TEI production up to 2000 boe per day.
I3e is confirming TEI is a very low cost producer with excellent assets.
I3e want TEI in a whole, with all the assets, including the tax assets and the TMX listing.