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Re: midtieroil post# 261151

Monday, 07/09/2012 3:31:31 PM

Monday, July 09, 2012 3:31:31 PM

Post# of 361315
After reading a little further I think the "no signature bonus" actually means the amount is not specified in the Model PSC and is negotiable. I was a little surprised by that provision because I do believe there will be a signature bonus. The question is how much, when will it be paid and how will it be paid. I have to believe these blocks are at least in the $2-$5 million range each given that they are saying they cost an "arm and a leg".