If You’ve Got a Roadshow Meeting

Awesome deck.  I’m still absorbing.  Here are a few questions I’d ask:

1) Tell me about the 19 years.  How is that calculated?  How can I do it myself to verify?

q1

q4

2) 7% of royalty acreage is developed.  What’s the pragmatic maximum that this figure can get to.  It can’t be 100%.

q2

3) When is that cash being returned?  And why is it in the slide deck as an ROC now?

q3