CKA 4.35% 11.0¢ cokal limited

A little complex, the 40% is held by 2 x Indonesian and 1 x...

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    A little complex, the 40% is held by 2 x Indonesian and 1 x Indian interests. Cokal has paid for all the exploration and development of BBM (not unusual in Indonesia). When profits start to flow then the 40% start paying off their share of sunk costs.
    This was explained at AGM by the then Chairman Peter Lynch.
    I am not quite smart enough to know mechanism however part of the other shareholders 40% profits will flow to CKA shareholders.
 
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