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  "documentTitle": "Baird | Investment Banking Pitch Book | 18 slides",
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  "presentationDate": "2018-03-01 00:00:00",
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      "text": "Probability of achieving earn-out volume thresholds based on AR drilling plan\nAbility to control water volume usage to meet thresholds\nAt what price is AR better off receiving ($250 - X) today or waiting to receive the full $250 later, relative to the risk profile of the asset?\nIn addition to taking a discount, what other concessions could AR be asked to make?\nCan AR redeploy the capital at an attractive rate of return relative to the discount?",
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      "text": "Probability of achieving earn-out volume thresholds based on AR drilling plan\nAR's ability to control water volume usage to meet thresholds\nAt what price is AM better off paying ($250 - X) today or waiting to repay the full $250 later, relative to the risk profile of this debt-like liability?\nIn addition to receiving a discount, what other concessions will AM request?\nWhat is AM's opportunity cost of capital, being mindful the high probability the full earn-out payment becomes due?",
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      "text": "KEY CONSIDERATIONS IN \"PRICING\" THE EARN-OUT ACCELERATION",
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