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Re: Platina post# 44090

Thursday, 04/13/2006 3:43:23 PM

Thursday, April 13, 2006 3:43:23 PM

Post# of 367103
Absolutely agree. But, I just think that the likely scenario would be for the capable party to pickup the extra percentages, if they wanted them. I don't know offhand what Conoil's percentage is, but if that percentage goes out on a pro rata basis to all remaining interests, Addax would likely be on the hook for most, if not all, of the added costs (on carry), without the full benefit. If I were Addax, I'd argue that only the non-free loaders can pickup the extra.
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