Happy with 10%>>>Assume 1,100,000,000 barrels of oil; calculated using Columbia's standard contract from previous post
20% royalty to government> .20 x 1,100,000,000=220,000,000 barrels
Balance> 880,000,000 barrels
50% split with state oil company=440,000,000
Balance> 440,000,000
70% belongs to AIPN> .70 x 440,000,000=308,000,000
Balance> 308,000,000( not happy with 10%)
happy with 10%> .10 x 308,000,000=30,800,000 barrells
(10%) Balance>30,800,000 to AIPN
This is before any partners and is based on "potential 1.1 bil"
I am not sure by what factor this should be reduced by to go from
potential to real world. Used only 50% split which is best case senario. Please double check my figures,calculator acts funny sometimes( may have misplaced the decimal?), also note that I do not own this stock,just find it interesting. All comments positive or negetive would be well recieved.
Regards,
Kenny |
