Appears to be a good deal as well. No stock dilution, facility in place, the partner fronts the cash and we supply the technology/equipment.
Because they are only doing the sonic portion of upgrading and not the oxidation portion, any idea on the differentials on the first 6-10 API? Is it 50% of the differential or are the ratios different for the first 6-10 as opposed to the next 6-10?
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