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It is common in the oil industry for initial auction results to be followed by weeks of dickering over details.
As part of that last step, NextWave would pay the government what it owed in taxes and unpaid obligations from the initial auction, in 1996.
The process will begin in earnest in mid-July with an initial auction of 14 oil exploration areas in the Gulf of Mexico.
With some maneuvering, Khodorkovsky was able to shut foreign investors out of an initial auction, and then disqualified a troika of domestic participants.
The 2009 and 2010 auctions were interim events, held to round out squads and introduce new players; most players were already under contracts from the initial auction.
The Australian government's Direct Action emissions reduction fund could require up to $1bn of extra funds to meet its carbon emissions reduction goal, according to a Guardian Australia analysis based on initial auction results.
Similar(39)
But from the initial auctions, the trend is not encouraging for consumers.
An opening of the government-run oil industry suffered a false start in the initial auctioning off of oil field development, but a second round of auctions last month exceeded expectations.
For these Dworkin imagines further hypothetical insurance markets, in which the appropriate compensation for post-initial-auction bad brute luck is set by the average level of insurance that people would have purchased if they knew the incidence of the bad brute luck, its impact on people, and the available devices for mitigating it, but not their personal chances of suffering the bad brute luck.
The bidding prices far exceeded the pre-auction estimates, as a 1952 Topps Mickey Mantle card sold for $49,500, more than three times the initial pre-auction price estimate.
Google, the closely watched Silicon Valley search engine provider, switched on its Web site to register potential bidders in its initial public offering auction on Friday afternoon.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com