RE:RE:Authorization?Today, May 18, 2020 net back per boe is greater than 11$.
Net back per quarter is 990,000 $ (11$ x 1000 boe x 90 days).
No income tax to paid, 2 quarters and I3e can paid the 1,600,000$ debts purchase balance before year end.
I3e can increase his offer to 0.3 I3e share for 1 TEI share
Why, because the I3e debts balance will be paid by TEI shareholders tax assets and the TEI shareholders tax assets has a value exceeding 25M$, more than 5 times the I3e value.