International Rochester Energy Corp. (V. ROH) Message Board

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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)

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To: R F B, Jr. who wrote (169)	5/9/1997 9:31:00 PM
From: Ditchdigger	of 188

Don't forget also, Ecopetrol will receive a 20% royalty interest in all production, and all production"( after royalty payments)" will be allocated 50% to Ecopetrol.** If I understand this, Ecopetrol gets 20% off the top, before the 50% split, then leftovers get split between HEC,ROR,PKC. DOUBLE WHAMMY! There has been a lot of talk about Ecopetrol not being able to afford backing in, seems to me they probably would'nt even have to come up with their 50% (in cash) of the well costs, they would make that back in a matter of weeks- who would'nt back'em- short term, high interest loan for a few weeks. Regards KWD

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