RE: Kimmeridge a different ball game11 Sep 2018 18:55
Starbright. The idea that Solo agreed £4.5m as their sale price is a little deceptive. In reality they accepted shares to that amount, such that if over the next number of months, the UKOG share price rises, e.g. If K layers flow well - they too get a better realisable sale price, whilst also offering them an exit route if K layers not a success. I.e. Great upside, but also limiting their downside exposure.