Suncor
Initial Investment:
undeveloped
lands (scattered, generally short-term lands)
Self
Funding Model:
PGS funds
all expenditures
Suncor
provides what is effectively bridge financing
Typical
Deal Terms:
recover
invested capital, well commitment, GORR
do not
participate in wells
Compensation:
modified
Suncor compensation (give up to gain approach)
increased
pay for performance