In more detail, IAE paid $38.5 million for 3.4 million barrels 2p (immediate production) and INA paid $176 million for 6 million barrels 2p (will produce shortly. So INA paid about twice as much per 2p barrel. 


Per flowing barrel, IAE paid around $35000, whereas INA paid around $29000. 


So the bottom line is that IAE paid half as much for their asset purchase, although it will take them slightly longer to get all their oil out of the ground. 


Jmo and glta