Lash,
The $500,000 is only the cost of purchasing the option. The option period expires on the 13 November 2007. If Boss Energy exercises the option it will have to pay another $13,250,000 to purchase all the shares subject to the option agreement i.e. a total cost of $13.7 million.
That is the way I read it anyway.
Regards
SP
boe call option, page-19
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