Net Proceeds, page-4

Hi folks,

I've not been in CMT or any other O & G stock for the last 12 months or so - which in retrospect is a good thing! However, used to be in CMT & posted a bit here previously & look in HC occasionally to see what's happening with a few stocks - mostly bad with the exception of FAR.

So under the current oil & gas environment - good news today!
I wonder what CMT can do in 2016 to warrant shareholder confidence & attract new investors?

Basil - seems to me that CMT & IES are splitting the $1.66 million compliments of Kina. This cash transaction valued IES's 25% at $25 million. As it turns out with todays announcement it's actually worth $2 million. IES now gives this back to CMT & CMT is giving half of it back again to IES (adjusted a little for outstanding Pandora outlays etc..) at the final Twinza payment stage end of 2016.

IES got Pandora for CMT in 2013
CMT obliges IES with half of Kina cash in 2014
IES obliges back in 2015!

Have a Merry Xmas & hang in there for 2016!!

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