RE:Re Conference callTaal, here's an analogy: There are two partners "A" and "B" in a 50/50 split arrangement. They produce 1000 units of something that costs &1 per unit to produce but that they can sell for $5 per unit. So "A" owns 500 units and "B" owns 500 units
"A" cannot come up with the entirety of his share of the production cost. "A" is $100 short. "B" agrees to give "A" the $100 in exchange for the ownership of 100 more units of what they produce so that now "B" owns 600 units which is 100 units more than the 500 in the original agreement.
"A" protests saying that the units produced are worth $5 each and that "A" should only give "B" 20 units in exchange for the $100. "B" replies "why would I pay you $5 per unit when I can produce them myself for $1 per unit."
Why should fec pay any premium to cgx at all? Regarding Corentyne I understand it to be much larger than the eastern and western channels of Kawa and Wei. I read one estimate that Corentyne could hold up to 4.2 billion barrels.