InvestorsHub Logo
Followers 40
Posts 3318
Boards Moderated 0
Alias Born 08/18/2009

Re: BeerIsGood post# 14849

Tuesday, 12/15/2009 10:06:39 AM

Tuesday, December 15, 2009 10:06:39 AM

Post# of 312015
Latest Facebook post says that the 10% is "net revenue". That means in the JV you will deduct operating costs first, and share the leftover oil revenues 90/10. So the 10% must cover the other entity's admin costs.

It's far less interesting than the 65/35 previously mentioned.

Looking forward to seeing JV details soon -- numbers and locations!

S.