1% of 200,000 barrels of oil per day is 2,000 barrels of oil per day, which is $100,000 per day and in a year 30 millions, it would take 30 years of contingent payments to make up for the difference (without taking interest payments into consideration).
Cases, Cases, Cases! If we didn’t test so much and so successfully, we would have very few cases. If you test 40,000,000 people, you are going to have many cases that, without the testing (like other countries), would not show up every night on the Fake Evening News.....
Debt to EBITDA is at 3 times earnings at $40 per barrel, at $60 is at 2 times EBITDA, unlikely to go below 5.0x EBITDA. Uganda can be held. After I prove there is enough cash to pay debt without selling you come up with the liquidity test, RBL loves us and they happy to lend us more money, they have a long standing relationship with us, we meet their ratios and theu are good enough for them but semms is not good enough for you. you want to be more catholic than the pope, ok
They intend to buy at a 66% dicount from their previous offer. 50% of Uganda's stake was sold by 2950 millions in 2011. With that in mind our remaining stake could be worth between $1400 millions and $1900 millions (if we were to farm it instead of selling it we would even get way more) selling Uganda for just $575 millions is beyond stupid.