RE:RE:Reserve Report. Iamgod69 wrote: Morning Goldy,
Where are you and others getting the 49% (24% increase) ownership at? All i see in the press release is:
"SGE will transfer a to be determined additional ownership position in the Selat Panjang PSC for a commiserate equity position in Sonoro."
This could be any % from my understanding. Maybe I missed something.
Thanks.
You are correct god, and I myself am guilty of thinking the same as it was in previous news releases that when SNV hit certain benchmarks in regards to Selat their ownership would go from 25% to 49% the additional 24% being the big reward for success, but as you have pointed out the additional percentage will be commiserate with ownership in SNv.. doesn’t mean our partner won’t get a 24% ownership and we get our add on as well... who knows other than management? GLTA Invested..