Kurrajong 1, Rafael 1, U-6H, U-7H and YK-1 it is, page-22

Let’s be clear about funding here:
- Expenditure in the Production Licences including U6H & U7H is 50% BRU out of the $64m ROC already paid us and 50% ROC additional to the $64m they already paid us. Sounds a lot like we got $64m + a shed load more than anyone realised to me.
- Expenditure in the Exploration Licences including Oil and Con Gas is for the first $25m: $20m ROC/$5m BRU out of the above $64m they already paid us, and thereafter: 50% ROC additional to the first $20m they already spent, 50% BRU out of the above $64m they already paid us and the subsequent luvly cash flow we will be enjoying from luvly PL profits all paid for by somebody else, coz that’s what Eric does.
Seems like a good deal to me.



“They” refers to pointless hibernating non-holders, “Us” refers to good honest wide awake BRUthers. Hibernate all you like, it’s going to be Aestivation before you know it.