A project has "reached payout" once its cumulative revenues* have exceeded its cumulative costs*./By Spide

Did you copy this from my previous post? (see below).

Since POD1 went commercial they produced about 3 million barrels. At 8000bbl/d in 2010/11 they will add additional 5 to 6 million for the total of 8 to 9 million.

At $50/bbl POD1 cumulative revenue will go to $400/450 million. This will AUTOMATICALLY SWITCH THEM TO 30% ROYALTIES RATE effectively cutting the POD1 cash flow in half. This will happen sometime next year when cumulative revenue exceeds cumulative cost.

It does not mater if this will happen in 2011(like I think) or in 2012. The cash flow will drop by 50% sooner or later. All company projections (see the slide the show) are based on the 1% Royalties and are misleading long term investor who never read the small print. Even the smart cookies like you can be fooled by this trick.