AKK 0.00% 0.3¢ austin exploration limited

gas deal done!, page-12

  1. 1,304 Posts.
    "This does a lot more for AKK than meets the eye IMO - do you think the contract terms will be disclosed - I don't."

    I think terms are probably commercial/in confidence, and necessarily complex given the pro rata flexibility in pricing/volume etc . We can (otherwise) only assume its life of field whatever that is, but I can't conceive of a contracted penalty/rebate arrangement that would be that open ended. I like this announcement none the less. The earlier Pathfinder can be on production and revealing oil income numbers the better.

    I wonder if this deal although not reserves-linked might provide modest funding leverage in the right circles?

    I think also its worth SH remembering there is no debt on the balance sheet yet
 
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