Post by
hydrocarbss on Jul 14, 2021 4:16pm
Consultant
From the recent PR - Consultants were part of the group that received options.
Was thinking they were consulted. Whoa! What a concept.
About what?
Maybe, RECO personnel have never encountered wells with so many zones?
How does one make a stratigraphic well into a producing well?
Maybe, RECO personnel needed some elephants scouted?
Wonder how big the elephants are in the Kavango Basin?
Whatever it was, people were content to take 800,000 options at C$11.39 each for payment.
Comment by
teheran10 on Jul 14, 2021 4:24pm
Hi ...... It was mostly relating to options and other performance based derivatives that are coming over from Renaissance. It is slightly less dilutive to do it this way. It is not payment in lieu for services.