australians do not understand royalties. in the united...

australians do not understand royalties. in the united states,oil and gas royalties are basic easily valued property.

old uncle at oxx understands the value of an overiding royalty,and he negotiated well.

someone else spends 60 million drilling,and who knows how much to monetise.

depending on circumstances,the one percent overiding royalty is worth many multiple% of an earned interest.

this sort of royalty,on a prospect this size is one of the biggest pay offs possible for a junior oiler in australia this year.