This just feels like a dud deal, these payments are going back into developing the wells and covering admin expenses just to prove up resources that can be bought off the company cheaply. Makes no sense unless it was either that or nothing at all.
Also, EPW takes a 10% stake of a company worth $10m and falling. They can pay $10 mil for holdings in two permits why not just take over the whole company for the same amount and not worry and end up with interest in the other couple permits ROG has as well.
great news coming, page-44
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