Part 5/7:
As the conversation unfolds, it becomes evident that financial backing is precarious. The operator expresses concern about how best to navigate the financial landscape: "What bank? I need to know how big the microscope up my ass is gonna be." The threat of over-leveraging looms large in this discussion, illustrating the precariousness of funding in the current oil and gas climate.
The Price of Ambition
In responding to the operator's financial constraints, Diamond reveals a blunt truth about the risk-reward aspect of their negotiation terms. The suggested terms propose full recovery followed by a sliding scale of profit sharing—100% until recoupment, then reducing to 70% for the subsequent year, down to 65% indefinitely.