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Hebron:  Generic Royalty  v. Williams’ Royalty A comparison of pre-simple payout phase   August 2007
Outline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Hebron Background ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Resource Ownership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Royalty Regimes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Information ,[object Object],[object Object],[object Object],[object Object]
Generic Basic Royalty ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Williams (Hebron) Basic  ,[object Object],[object Object],[object Object],[object Object]
Scenario 1 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Scenario 1:  All heavy; US$45 per bbl
Totals Comparison
Scenario 2 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Scenario 2:  All light; US$53
Totals Comparison
Scenario 3:  25/75; 53/45  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Scenario 1:  All heavy; US$45 per bbl
Totals Comparison
Assessment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Assessment (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object]
More information/discussion needed ,[object Object],[object Object],[object Object],[object Object]
A good project ? ,[object Object],[object Object],[object Object],[object Object]
Contact ,[object Object],[object Object],[object Object],[object Object]

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Hebron basic royalty, a preliminary assessment