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Post# of 116863
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Belize Oilwatch

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Belize Oilwatch

Re: tdbowieknife post# 34274

Wednesday, 06/20/2012 11:26:24 AM

Wednesday, June 20, 2012 11:26:24 AM

Post# of 116863
No I didn't allow for Treaty's reduced holding in the first two Belize wells and you're right to raise it.

As I posted previously Treaty only gets 18% of the revenue from the first two wells but bears 86% of the investment cost.

So IMO there is no chance of PPS exceeding 10 cents in the very unlikely event that the first two wells in Belize yield 1000 bpd.
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